9 July 2021

SFDR L2 “delayed until July 2022”

Breaking news from the European commission who has decided to delay the of SFDR technical standards implementation by six months.

Reuters has just reported reports that EU further delays sustainable finance rules for asset managers.

“The European Union has been forced to delay the second phase of landmark rules that require asset managers to show how they take environmental and other issues into account by a further six months to July 2022, an EU letter seen by Reuters said.”

This event has also been similarly reported by FT Ignites within the past hour.

With the landmark PRIIPS / UCITS transition apparently poised for re-schedule on the same date, the EU funds industry now faces an unprecedented challenge in less than 12 months’ time.

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