European Commission announcements related to Regulation (EU) 2019/2088 – SFDR

The CSSF would like to bring to the attention of financial market participants and financial advisers some recent publications made by the European supervisory authorities (the ESAs) in respect of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).

Q&A

The ESAs published on 26 July 2021 the answers of the European Commission to the questions related to the interpretation of the SFDR. It has been noted that the answers to the first two questions were swapped by mistake.

Deferral of SFDR RTS

The ESAs published on 23 July 2021 a letter sent by the European Commission on 8 July 2021 to the European Parliament and Council announcing that it intends to bundle all 13 RTS under SFDR into a single delegated act and to defer the application of 1 January 2022 by six months to 1 July 2022.

The Supervisory Statement issued on 25 February 2021 by the ESAs on the application of the SFDR should be read in the light of the content of that letter and on that basis the ESAs will revise this supervisory statement in due course to reflect this change in the RTS’ date of application.