1. Procedural aspects and consultation with stakeholders
The Commission has requested EIOPA and ESMA to provide technical advices on potential amendments to, or introduction of, delegated acts under Directive 2009/65/EC (hereafter, UCITS Directive), Directive 2011/61/EU (hereafter, AIFMD), Directive 2014/65/EU (hereafter, MiFID II), Directive 2009/138/EC (hereafter, Solvency II Directive) and Directive 2016/97 (hereafter, IDD) with regard to the integration of sustainability risks and sustainability factors.
According to the Commission's request, EIOPA and ESMA should justify the technical advice by identifying, where relevant, a range of technical options and undertaking an evidenced assessment of the costs and benefits of each. Where administrative burdens and compliance costs on the side of the industry could be significant, EIOPA should, where possible, quantify these costs.
In particular, EIOPA will provide technical advice on potential amendments to, or introduction of, delegated
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