[33680]
July 9, 2021
TO: ESG Task ForceEU ESG Disclosure Regulation Working Group RE: European Commission Delays SFDR RTS Application to 1 July 2022
In a letter to Member States and the European Parliament, dated 8 July 2021, the European Commission (EC) indicated it would delay the application of the Sustainable Finance Disclosure Regulation's (SFDR) Regulatory Technical Standards (RTS) by 6 months, until 1 July 2022. The letter also indicates that the EC will combine the SFDR RTS and the Taxonomy Regulation disclosure RTS[1] for Article 8 and 9 products into a single delegated act. We anticipate that EC would confirm this decision in a public statement, and we will share it when it becomes available.
Anna Driggs
Director and Associate Chief Counsel
ICI Global
endnotes
[1] See Memorandum No. 33535, dated 13 May 2021, available at https://www.ici.org/memo33535.