In particular, the Guidelines stipulate that:
- trading venues have adequate communication protocols in place to ensure communication to members, participants and the public during an interruption;
- NCAs require trading venues to make arrangements to prevent a disruption from affecting the closing auction; and
- NCAs to require trading venues, in cases where an interruption prevents the trading venue from conducting the closing auction, to ensure that the market receives an official closing price.
In the amending final draft RTS, the ESAs propose to add specific disclosures to provide transparency about investments in taxonomy-aligned gas and nuclear economic activities. These disclosures, which are in line with the definitions in the Complementary Climate Delegated Act, will help investors make informed decisions.
Specifically, the disclosures:
- add a yes/no question in the financial product templates of the SFDR Delegated Regulation to identify whether the financial product intends to invest in such activities; if the answer was yes, a graphical representation of the proportion of investments in such activities would be required; and
- implement minor technical revisions to the Delegated Regulation to correct inconsistencies observed after its publication.
EIOPA has published its Single Programming Document, including the Annual Work Programme for 2023.
Key activities planned for 2023 include:
- Integrating ESG risks in the prudential frameworks on insurers and pension funds
- Initiating one-off coordinated climate change stress test
- Developing a sound regime for the use of artificial intelligence (AI) by the insurance sector
- Addressing consumer detriment from cross-border activities
- Delivering advice in relation to the review of the IORP II Directive
- Following up on the potential materialisation of downside risk stemming from the ongoing crises in the context of high inflation and low/potentially negative growt
- Chairing the Network of EU Agencies.
