Comments on the call for evidence on an open finance framework

The German Banking Industry Committee (GBIC) welcomes the objective of revising Commission Delegated Regulation (EU) 2019/980 to simplify prospectus requirements, streamline their content and further standardise format and structure, thereby reducing administrative burdens for issuers, improving comparability for investors and strengthening access to EU capital markets.

The BdB emphasizes that many of the proposed rules are unnecessarily technical in their wording and recommends instead relying on easily adaptable European standards.

The German Banking Industry Committee (DK) has taken a position on the revision of the ESRS and the EU taxonomy as part of the participation process initiated by the Federal Ministry of Justice and Consumer Protection (BMJV).