EFAMA calls for delay to EU sustainability rules for funds

European trade body wants a transitional period for firms to adapt

The European Fund and Asset Management Association has called on European regulators to delay the imposition of new sustainability disclosure requirements under the Sustainable Finance Disclosure Regulation (SFDR).

SFDR, which is expected to place its most stringent requirements on 21% of all European funds, is currently scheduled to adopt new regulatory technical standards (RTS) by the third quarter of this year with new disclosure requirements placed on firms from the beginning of 2022. 21% of total European funds under most stringent SFDR rules Regulatory policy advisor at EFAMA Dominik Hatiar said the scheduled timeline "will not allow sufficient time to meet the new disclosure requirements", and urged the European Commission to impose a transitional period for firms to adapt. Concerns ha...