ESG: SFDR RTS published in the Official Journal

After a lengthy delay, the long-awaited Level 2 measures under the SFDR have now been published in the Official Journal.

As widely expected, these will apply from 1 January 2023.

There are no changes to the operative provisions when compared against the RTS adopted by the European Commission in April – something which the financial services industry will welcome as many firms have already invested significant time and resources towards ensuring compliance with the RTS on the basis of the April final drafts.

We are currently reviewing the Annexes to see whether these have been changed since April.

See our client note on the April RTS here.

For more on the SFDR RTS, see our recent notes:

• ESG – the ESAs clarify aspects of the SFDR Level 2 RTS (22 June 2022);
• ESG: Commission Q&A on SFDR published (27 May 2022); and
• SFDR RTS – the Commission asks the ESAs to prepare amendments (10 May 2022).