Implementation of the SFDR regulatory technical standards will be deferred by a further six months to January 1, 2023. The European Commission has confirmed this in a letter to the EU Council on November 25, citing the length and technical detail of the legislation. The delay is attributed to the Commission’s desire to ensure the smooth implementation of the rules by fund managers, financial advisers and regulators. The SFDR level 2 provisions were originally due to be implemented at the beginning of 2022, but in July the Commission pushed back the deadline until July 2022 because of hold-ups that delayed agreement on the RTS and the decision to bundle the 13 standards into a single delegated act.

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