EU Omnibus I Directive (Directive (EU) 2026/470)
Article 2: Amendments to the Accounting Directive 2013/34/EU (sustainability reporting) – EU Omnibus I Directive (Directive (EU) 2026/470)

EU Omnibus I Directive (Directive (EU) 2026/470) A2-11: Financial holding undertakings with independent subsidiaries may opt out of consolidated sustainability reporting (new Article 29a(7a) of Directive 2013/34/EU)

What does A2-11 require?

Member States must allow a parent that is a financial holding undertaking, with subsidiaries that run unconnected businesses and operations, to choose not to include consolidated sustainability information in its consolidated management report. The parent should be able to demonstrate both the holding character and the independence of its subsidiaries' businesses.

Maintained by Gerard Blokdyk

Other controls in Article 2: Amendments to the Accounting Directive 2013/34/EU (sustainability reporting) – EU Omnibus I Directive (Directive (EU) 2026/470)

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