This update is a procedural legislative implementation of EU sustainability reporting directives affecting multiple sectors; it does not establish or modify specific financial services products or conduct rules for retail banking, lending, investment services, or digital assets.
Investment Services (10%)While the law amends banking and investment fund legislation, the core content is administrative/procedural sustainability reporting compliance rather than substantive changes to retail banking products, services, or consumer-facing obligations.
This update concerns sustainability reporting requirements for corporate entities and financial institutions under EU Directive 2022/2464, which falls outside the payments compliance taxonomy scope.
Regulatory Reporting (12%)While the law affects financial institutions including banks and investment funds, it addresses sustainability and corporate reporting rather than payment-specific data handling, record-keeping, or transaction data governance.
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