Council of the EU adopts Regulations on Sustainable Finance
The Disclosures Regulation and Low Carbon Benchmarks Regulation take another step towards passing into law.
On 08 November 2019, the Disclosures Regulation and the Low Carbon Benchmarks Regulation were adopted by the Council of the EU, representing one of the final stages before the Regulations are published in the Official Journal of the EU (OJ) and become law. The adopted texts, which were agreed in trilogue negotiations and have been formally voted through by the European Parliament, can be viewed here and here.
The Commission also confirmed that the texts will be published in the OJ in the week beginning 25 November 2019.
The Disclosures Regulation will enter into force 20 days following its publication in the OJ, and the Low Carbon Benchmarks Regulation will enter into force on the day following its publication in the OJ.
For further information on Sustainable Financing and ESG investment please see our Insights Feature here, or speak to your usual Simmons & Simmons contact.
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