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.
1. Introduction
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...
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