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ESMA: Consults on cloud outsourcing guidelines | Fintech InShorts: Latest fintech news, analysis by experts

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ESMA: Consults on cloud outsourcing guidelines

By Laura M

June 13, 2020

ESMA: Consults on cloud outsourcing guidelines

The response recommends standardising disclosure requirements, widening the range of companies required to report
ESMA considers that it is time to make these amendments to the NFRD to provide users of non-financial information with more relevant
ESMA’s December 2019 advice to the EC on undue short-term pressures on companies
ESMA suggests in its consultation response that a stronger standardisation of non-financial disclosure needed
While in the medium term, ESMA is of the view that international alignment should be the objective
ESMA considers that such a European standardisation prepared by EU public body

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