Public Consultation on the exercise of the national discretion in Article 17 of Regulation (EU) 2019/2088

The Department of Finance invites interested parties to make submissions in relation to the exercise of the national discretion in Article 17 of Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (SFDR).

As a Regulation the SFDR has direct effect however, in relation to the provisions in Article 17 Member States are given discretion as to whether to exempt financial advisers which employ fewer than three persons or to apply the Regulation to these entities.

The consultation period will run to 5pm, 29th January 2021. Submissions received after this deadline will not be considered.

In responding to this consultation you are invited to:

• Give your views on the specific questions set out at Part 4 of this consultation.
• Provide details of any issues or concerns you feel should be considered in dealing with the particular topic being addressed in your response.
• Where appropriate, provide some analysis or views on the regulatory and/or financial impact of the proposed approach.

The comments received will be taken into consideration when deciding the best approach to the national discretion contained in Article 17.

How to Respond

The preferred means of response is by email to: sfdr@finance.gov.ie.

Alternatively, you may respond by post to:

SFDR Public Consultation

Financial Services Division

Department of Finance

Government Buildings

Upper Merrion Street

Dublin 2, D02 R583

Please include contact details if you are responding by post. When responding, please indicate whether you are a professional adviser, representative body, corporate body or member of the public.