The European Commission has decided to push back the implementation of disclosure requirements under the Sustainable Finance Disclosure Regulation (SFDR) related to sustainable investment products by financial market participant to January 2023, its second delay, resulting in application of the rules coming into place a year past the initially planned date.
The delay refers to the implementation of the Regulatory Technical Standards (RTS) supplementing the SFDR, and for disclosures to label products that make sustainable investments (‘Article 8’ or ‘Article 9’ labelled products).
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