SFDR Level II – European Commission Publishes Final Draft RTS

On 6 April 2022, the European Commission published the final regulatory technical standards (“RTS”) designed to provide further guidance on the implementation of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (the “SFDR”), as amended by Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment (the “Taxonomy Regulation”).

In February 2021, the EBA, EIOPA and ESMA (collectively the “ESAs”) published draft RTS on the required content, methodologies and presentation of information to be disclosed under several SFDR articles. In October 2021, the ESAs supplemented these with RTS on the additional disclosures under the Taxonomy Regulation.