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By Dr. Sebastiaan Niels HOOGHIEMSTRA, NautaDutilh Luxembourg(1)
The European Commission confirmed in its letter of 20 October 2020 that the level 2 measures under Regulation (EU) 2019/2088 on the sustainability-related disclosures in the financial services sector, as amended (the «SFDR») will be delayed from 10 March 2021 to a date to be determined.
The European Commission (the «EC») has confirmed in a letter (the «Letter») to the European Supervisory Authorities (the «ESAs») dated 20 October 2020 that the regulatory technical standards (the «LVL 2 RTS») which implement the SFDR will be delayed.
The EC in its letter has not specified what the new foreseen compliance date for the LVL 2 RTS will be. It is, however, expected by...
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