The European Commission has formally thanked the Italian Chamber of Deputies for its opinion on the proposed regulation amending EU rules on sustainability disclosures in financial services. In a letter dated 24 April 2026, Commission Vice-President Maroš Šefčovič acknowledged that the Italian Chamber found the proposal to comply with the principles of subsidiarity and proportionality, and reiterated the Commission's commitment to political dialogue with national parliaments.
The reply, issued under reference C(2026)2826, responds to the Italian Chamber's opinion on the proposed regulation COM(2025)841 final. The Commission expressed appreciation for the Chamber's constructive engagement and noted the importance of such dialogue for democratic legitimacy. No specific amendments or concerns were raised by the Italian Chamber, which fully endorsed the proposal's compliance with EU principles.
The proposed regulation aims to streamline and enhance sustainability disclosure requirements across multiple financial services directives, including the Sustainable Finance Disclosure Regulation (SFDR) and the Prospectus Regulation. It seeks to reduce fragmentation and improve clarity for investors while advancing the EU's green finance agenda. The Commission's letter signals a smooth legislative process, with no objections from the Italian Parliament on subsidiarity or proportionality grounds.
Impact on stakeholders
The proposal primarily affects financial market participants, including asset managers, insurers, and investment firms, which will face updated disclosure obligations. For EU consumers and retail investors, the changes aim to provide more comparable and reliable sustainability information, potentially improving investment decisions. National competent authorities will need to adapt supervisory practices to the new rules. The Italian Chamber's endorsement suggests broad political support, reducing the risk of delays in the legislative process.
Next steps
The proposal now awaits consideration by the European Parliament and the Council under the ordinary legislative procedure. The Commission's reply to the Italian Chamber is part of the broader political dialogue mechanism, which does not alter the legislative timeline but reinforces institutional cooperation.