Directive (EU) 2024/1306: what it means for Banking & Capital Markets
The Directive (EU) 2024/1306 is part of the EU rulebook for banking & capital markets. Its subject matter covers sustainability reporting — core to the sector.
Directive (EU) 2024/1306 is on the Banking & Capital Markets rulebook because its official title matches sustainability reporting. Source: EUR-Lex and the European Parliament procedure file; company-specific applicability still depends on your activities.
What the act does
to amend Directive 2013/34/EU as regards the time limits for the adoption of sustainability reporting standards for certain sectors and for certain third-country undertakings. PROPOSED ACT: Decision 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: reporting requirements play a key role in ensuring proper monitoring and correct enforcement of legislation. Reporting requirements can however also impose disproportionate burdens on stakeholders,…
Why it matters for Banking & Capital Markets
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) 2024/1306 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.
Primary sources
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.
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