Public consultation on draft Guidelines on integrating the customer’s sustainability preferences in the suitability assessment under the IDD

EIOPA’s draft Guidelines provide guidance on:

  • How to help customers better understand the concept of “sustainability preferences” and their investment choices;
  • The collection of information on sustainability preferences from customers;
  • How to match customer preferences with products, based on the SFDR product disclosures;
  • When to assess sustainability preferences (i.e. only once the suitability of the product has been assessed according to the customer’s knowledge and experience, financial situation and other investment objectives); and

Stakeholders are invited to provide feedback to this consultation paper by responding to the questions via the online survey by 13 May 2022.

Further to this consultation, EIOPA will also hold a public hearing with stakeholders on 6 May 2022, which is open to registration until 30 April 2022.