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Article 32
Grandfathering provisionArticle 31
Coverage for firms not authorised to hold client money or securitiesArticle 30
Initial capital of local firmsArticle 29
Initial capital of particular types of investment firmsArticle 28
Initial capital of investment firmsTITLE IV
INITIAL CAPITAL OF INVESTMENT FIRMSArticle 27
Criteria for qualifying holdingsArticle 26
Information obligations and penaltiesArticle 25
Notification in the case of a divestitureArticle 24
Cooperation between competent authoritiesESAs consult on Environmental, Social and Governance disclosure rules
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) have today issued a Consultation Paper seeking input on proposed environmental, social and governance (ESG) disclosure standards for financial market participants, advisers and products. These standards have been developed under the EU Regulation on sustainability-related disclosures in the financial services sector (SFDR), aiming to:- strengthen protection for end-investors;- improve the disclosures to investors from a broad range of financial market participants and financial advisers; and- improve the disclosures to investors regarding financial products.