ESA Joint Committee · sfdr-52 Final
For the purposes of completing its disclosures in the Delegated Regulation, is there a difference in how a financial product tracking a Climate Transition Benchmark (CTB) index according to the BMR sh
- Regulation
- SFDR
- Answered
- 2022-11-17
- Answer provided by
- ESAs (EBA, ESMA, EIOPA)
⚠
Joint Committee Q&As are published in consolidated PDF documents without explicit question/answer delimiters. Section boundaries below are identified automatically and may occasionally be imprecise.
Question
For the purposes of completing its disclosures in the Delegated Regulation, is there a
difference in how a financial product tracking a Climate Transition Benchmark (CTB)
index according to the BMR should fill in the section regarding sustainable investment
before and after 31 December 2022 (when the new requirements in Article 10(2) of
Regulation (EU) 2020/1818 for CTBs apply)?
Answer
The financial product should bear in mind in filling out the section in the template on sustainable
investment that the BMR requirements for CTBs before 31 December 2022 are not strict enough
to satisfy the requirements for a sustainable investment according to Article 2(17) SFDR. The
European Commission’s response to Question V.7 provides guidance about whether designating
Paris-aligned benchmarks (PABs) or CTBs as reference benchmarks after 31 December 2022
satisfy the requirements for sustainable investments pursuant to Article 2(17) SFDR.
This Q&A is published by ESA Joint Committee (EBA, ESMA, EIOPA) and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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