RTS: Criteria for recognition of third-country external reviewers

This regulation sets out the technical standards used to evaluate whether external reviewers of sustainable financial products are capable and effective. It ensures that the systems, resources, and methodologies used by these reviewers are robust enough to provide reliable assessments of sustainability claims.

This affects third-country and EU-based external reviewers who wish to be recognized. It establishes strict criteria for their internal policies, compliance functions, and the application process for official recognition.