ESMA_QA_2460
11/03/2025
Subject Matter
Financial products’ PAI disclosures
    a) Can a financial product referred to in Article 2(12) SFDR consider the principal adverse impacts of its investment decisions on sustainability factors according to Article 7(1) if the financial market participant manufacturing that product does not consider the principal adverse impacts of its investment decisions on sustainability factors under Article 4(1)(a) or 4(3)-(4) SFDR?
    b) Can financial products referred to in Article 2(12) SFDR satisfy the client’s sustainability preferences pursuant to point (c) of Article 2(7) of Commission Delegated Regulation (EU) 2017/565 or point (c) of Article 2(4) of the Commission Delegated Regulation (EU) 2017/2359 in any other way than by considering the principal adverse impacts of its investment decisions on sustainability factors referred to in Article 7(1) SFDR
    Status: Forwarded to EC/Public Consultation/Other

    Additional Information

    Level 1 Regulation
    Regulation (EU) 2019/2088 - Sustainable Finance Disclosure Regulation (SFDR)
    Additional Legal Reference
    Article 7.1
    Topic
    Disclosures