Directive (EU) 2022/2464: what it means for Banking & Capital Markets

to create a new corporate sustainability reporting Directive to improve the flow of sustainability information in the corporate world. PROPOSED ACT: Directive of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council. BACKGROUND: the Non-Financial Reporting Directive (Directive 2014/95/EU, the NFRD), amending the Accounting Directive, was adopted in 2014. It applies to large public-interest entities with an average number of employees in excess of 500, and to…

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Banks, investment firms and capital-markets participants operate under the EU's prudential and markets rulebook. These are the core acts in scope.

Directive (EU) 2022/2464 sits in that rulebook because its subject matter covers sustainability reporting. Whether — and how — it applies to a given business depends on that business’s activities, products and markets.

The act’s summary is the European Parliament’s own procedure record; the sector connection is the act’s stated subject matter. Lex shows the law and the grounded connection — not legal advice. Data © European Union (Decision 2011/833/EU). Methodology.