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Simplification · RPT-04

Exempted from individual sustainability reporting, consolidated sustainability reporting and single-electronic-format/markup duties

Addressee The European Financial Stability Facility (EFSF) and financial products under Art. 2, point (12)(b) and (f) of Regulation (EU) 2019/2088Act COM(2025) 81, 2025/0045 (COD)Article Art. 2(1), replacing Art. 1(4) of Directive 2013/34/EUClass Businesses

What changes

The EFSF and the two named categories of SFDR financial products lose all Accounting-Directive sustainability-reporting duties.

Prior rule vs new rule

Prior rule
Obligation

The European Financial Stability Facility (EFSF) established by the EFSF Framework Agreement is subject to the sustainability reporting requirements set out in Directive 2013/34/EU, although it is exempted from the sustainability reporting regime set out in Directive 2004/109/EC of the European Parliament and of the Council pursuant to Article 8 of that Directive.

New rule
Obligation

Exempted from individual sustainability reporting, consolidated sustainability reporting and single-electronic-format/markup duties

Who is affected

Addressee
The European Financial Stability Facility (EFSF) and financial products under Art. 2, point (12)(b) and (f) of Regulation (EU) 2019/2088
Class
Businesses
Sectors
No sector named — applies by size or activity
Applies
Once transposed by Member States (transposition due within 12 months of this Directive's entry into force)

Burden drivers

No burden drivers recorded on this provision.

A named-entity exemption (EFSF and specified SFDR financial products), not a size test.

Source text

Verbatim

The coordination measures prescribed by Articles 19a, 29a and 29d shall not apply to the European Financial Stability Facility (EFSF) established by the EFSF Framework Agreement nor to financial products listed in Article 2, point (12), (b) and (f) of Regulation (EU) 2019/2088 of the European Parliament and of the Council*.

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