European regulators have published the draft Regulatory Technical Standards ("Taxonomy RTS") on product-level disclosures that apply to financial products (including funds or portfolios) that promote or make environmentally sustainable investments in accordance with the criteria of the EU Taxonomy Regulation.
The draft Taxonomy RTS amend the final draft RTS published by the European regulators under the Sustainable Finance Disclosure Regulation (SFDR) on 2 February 2021. The EU aims to create a "single rulebook" for sustainability disclosures that consolidates the secondary disclosure rules for the SFDR and the EU Taxonomy Regulation.
This Blog post is based on the client alert prepared by the Financial Regulatory Group of the London Office. The client alert outlines the key requirements of the Taxonomy RTS.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
