EU Taxonomy Regulation TAXO-Art.5_6_7: Pre-contractual disclosure (Taxonomy Articles 5-7) - SFDR Article 8 / 9 product Taxonomy alignment + Article 7 negative statement

Article 5 imposes pre-contractual disclosure + periodic-report Taxonomy-alignment information requirement on SFDR Article 9 products (sustainable investment objective) where the environmental objective is one of the six Taxonomy objectives. The required information includes: (a) information on the environmental objective(s) to which the underlying investment of the financial product contributes; (b) the proportion of Taxonomy-aligned investments; (c) the % in enabling activities + transitional activities (Article 16); (d) a description of the Taxonomy compliance methodology; (e) the SFDR RTS Annex II / III / IV / V templates. Article 6 imposes the SAME obligations on SFDR Article 8 products (promote environmental or social characteristics) WHERE THE PRODUCT PROMOTES ENVIRONMENTAL CHARACTERISTICS - i.e. social-characteristic-only Article 8 products are NOT subject to Article 6 Taxonomy. Article 7 'negative statement' obligation: SFDR Article 6-only financial products (no SFDR Article 8 / 9 environmental claim) must include the statement: 'The investments underlying this financial product do not take into account the EU criteria for environmentally sustainable economic activities.' Article 7 is the LEAST burdensome rung of the Taxonomy disclosure ladder, but is mandatory for ALL SFDR Article 6 products.