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ARTICLE · 20 OCTOBER 2022

SFDR And EU Taxonomy – Are You Ready For The Next Steps?

In view of assisting financial market participants to comply with Sustainable Finance Disclosure Regulation requirements ahead of 1 January 2023, the date the regulatory technical standards...

LuxembourgFinance and Banking

In view of assisting financial market participants to comply with Sustainable Finance Disclosure Regulation requirements ahead of 1 January 2023, the date the regulatory technical standards enter into force, Luxembourg's Financial Sector Supervisory Authority has confirmed 31 October 2022 as the deadline for submission of the updated pre-contractual documentation for those who intend to benefit from the accelerated examination procedure.

In anticipation of the long-awaited regulatory technical standards (RTS), Level 2 regulation of Sustainable Finance Disclosure Regulation (SFDR) and Taxonomy regulation (TR), both EU and Luxembourg supervisory authorities have been continuously providing guidance to market participants in order to bring additional clarity into the evolving domain of sustainability disclosures.

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