Global Trustee and Fiduciary Services Bite-Sized Issue 4 2026

15 QUICK LINKS CMU CONDUCT CRYPTO ASSETS EMIR FINTECH FUND LIQUIDITY IOSCO OPERATIONAL RESILIENCE SUSTAINABLE FINANCE/ESG T+1 ASIA EUROPE LUXEMBOURG NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 4 | 2026 c. Keep pace with the development of knowledge and capabilities relating to the measurement and management of climate-related risks, as data and methodologies around the understanding of such risks continue to improve. TheMAS said that, aswith theGuidelines onEnvironmental RiskManagement, specificGuidelines have been developed for banks, insurers and asset managers. The Guidelines factor in FIs’ differing business models, as well as feedback froman earlier public consultation and engagement with industry. The Guidelines will take effect from September 2027, after an 18-month transition period. Link to the MAS Homepage here Good Practice Guide: TCFD Reporting On 5 March 2026, HM Treasury (HMT) published a guide to help those preparing annual reports and accounts deliver transparent decision‑useful climate disclosures with good practice examples and other support HMT said this one‑off, targeted guide supports central government organisations in implementing the Task Force on Climate‑related Financial Disclosures (TCFD) framework ahead of the final stage of mandatory (comply or explain) requirements in 2025‑26 annual reports and accounts (ARAs). Building on its phased rollout from 2023‑24, HMT said the guide offers practical examples and insights across Governance, Strategy, Risk Management, and Metrics & Targets – highlighting common pitfalls, effective disclosure approaches, and considerations for “comply or explain”. Alongside the guide HMT published examples of best practice in financial reporting annually since April 2019with the aimof supporting the continuous improvement of financial and non-financial reporting. HMT said the report contains examples of best practice from the 2024-25 PDF versions of annual reports and accounts (ARAs). These publications provide a bank of best practice examples that can be used by entities preparing ARAs across government to drive ongoing improvements. Link to Good Practice Guide: TCFD Reporting here Link to Best Practice Examples From 2024-25 here Call for Technical Advice to the European Supervisory Authorities on Certain Taxonomy Key Performance Indicators and Other Aspects of the Disclosures Delegated Act under Article 8 of the Taxonomy Regulation On 4 March 2026, the Commission sent the European Supervisory Authorities (ESAs) a call for technical advice on the upcoming review of the taxonomy reporting requirements. With this call for advice, the Commission asks the ESAs to provide the technical input on certain taxonomy key performance indicators and other aspects of the Disclosures Delegated Act, which will inform the completion of its review. This Commission askes that the ESAs advice should mainly focus on the following Key Performance Indicators (KPIs) provided in the Disclosures Delegated Act: • The operational expenditure (OpEx) KPI of non-financial firms; • Commissions and Fees KPI and Trading Book KPI of credit institutions; and • The underwriting KPI of insurance/re-insurance undertakings. In addition, the Commission askes if the ESAs could advise whether other targeted technical amendments to the Disclosure Delegated Act are necessary to simplify and enhance the usability of Taxonomy reporting. Link to the Call for Advice here