ESMA encourages EFRAG to keep engaging with the International Sustainability Standards Board.
There were more than 1,300 comments on two draft sustainability disclosure standards.
The deadline for the public comment period has been extended to October 7.
J.P. Morgan has to pay an $850,000 civil monetary penalty and BNP Paribas $6m.
The demand for more robust and comprehensive sustainability reporting solutions has risen.
APARMA will focus on improving industry data quality, transparency and auditability.
Funds and advisers that market themselves as having an ESG focus would have required disclosures.
European asset managers have upcoming compliance and regulatory disclosure obligations under SFDR.
The build-up of exposures by the collapsed US family office can be seen in EMIR data.