Omnibus

Leaked document shows European Commission tabling changes to materiality threshold and DNSH provisions.

Standards body will also review issues reported under SFDR and suggest modifications ‘where necessary’.

Member states will be asked to approve the proposal in a meeting next week.

The latest developments in sustainable finance: Basel Committee publishes voluntary climate risk disclosure framework for banks; UK relaunches Nature Impact Fund.

Leading managers also push for full alignment with ESMA fund-naming rules.

National supervisors remain uncertain on broad ESG category, warn Omnibus may increase existing data challenges for investors.

EU executive says process was ‘accelerated’ in response to stakeholder concerns on ‘complexity and implementation cost’.

Latest from Brussels: EU Ombudsman opens Omnibus inquiry; Council Presidency suggests way forward on Omnibus; 11 member states call for further simplification to EUDR.

Leaked draft proposal suggests three-year exemption for disclosures, while member states discuss swift end to reporting for firms with 501-1,000 employees.

Investors call for considerable reduction of ESRS datapoints in response to EFRAG’s consultation.