The European Commission has delayed the effective date of regulatory technical standards related to the Sustainable Finance Disclosure Regulation and Taxonomy Regulation by six months.

The Commission has indicated that due to the length and technical detail of the regulatory technical standards, the late submission to the Commission and the planned amendments, it considers it necessary to facilitate the smooth implementation of the standards by product manufacturers, financial advisors and regulators. It is therefore planned to bundle all regulatory technical standards in one single delegated act and therefore to postpone the date of application from 1 January 2022 by six months to 1 July 2022.

To find out more about this change, talk to your Carne Relationship Manager or contact a member of the team below.

Ireland

Des Fullam
Head of Regulation & Client Solutions
+353 1 489 6805 
des.fullam@carnegroup.com

Luxembourg

Cord Rodewald
Director Compliance
+ 352 26 73 23 51
cord.rodewald@carnegroup.com

Further information about the RTS update is available in our Final Regulatory Technical Standards (“RTS”) https://www.carnegroup.com/regulatory-technical-standards