Insights on Insurance
Regulatory News - Insurance
See allThe Commission has published a report addressed to the Council and to the European Parliament and provides an overview of the current state of preparedness of the EU financial sector, building on continued discussions with ECB, the ESAs, ESRB, SRB, Member States and the financial services industry. It concludes that the the development of the Savings and Investments Union and the introduction of the digital euro is expected to improve the overall resilience of the EU financial sector and to further improve its level of preparedness.
DG FISMA has invited the ESAs to develop technical advice in order to inform the review of the Disclosures Delegated Act under the Taxonomy Regulation.
The following has been published in the Official Journal: Directive (EU) 2026/470 of the European Parliament and of the Council of 24 February 2026 amending Directives 2006/43/EC, 2013/34/EU, (EU) 2022/2464 and (EU) 2024/1760 as regards certain corporate sustainability reporting requirements and certain corporate sustainability due diligence requirements.
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The Council has given its go-ahead to a simplification of the sustainability reporting and due diligence requirements for companies which simplifies CSRD and CS3D. Links to the texts of the Directives appear in the following link.
The EC has adopted a proposal for a Directive to codify and replace the existing FICOD.
