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ARTICLE · 24 SEPTEMBER 2021

SFDR/Sustainable Finance Update

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

In a letter dated 8 July 2021 , the EU Commission indicated that it will defer the application date of the SFDR level 2 Regulatory Technical Standards ("RTS") by six months from 1 January 2022 to 1 July 2022.

European UnionFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

1. Postponement of Level 2 SFDR/Taxonomy related RTS

In a letter dated 8 July 2021 , the EU Commission indicated that it will defer the application date of the SFDR level 2 Regulatory Technical Standards ("RTS") by six months from 1 January 2022 to 1 July 2022.

One of the reasons of the delay is the fact that the current draft SFDR level 2 RTS needs to be amended in order to include additional requirements in relation to activities that contribute to/promote climate change mitigation and/or climate change adaptation as defined in the Taxonomy Regulation.

The EU Commission plans to bundle all SFDR/Taxonomy related level 2 RTS into one single delegated act that it will submit to the EU Parliament and the Council for approval in the coming weeks.

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