EU SFDR (Sustainable Finance Disclosure Regulation)
SFDR: Marketing, Cross-Cutting Rules and Final Provisions

EU SFDR (Sustainable Finance Disclosure Regulation) SFDR-Status: SFDR status - in force pending SFDR 2.0 review

SFDR has been in force since 29 December 2019 + applied from 10 March 2021 + the SFDR RTS (Commission Delegated Regulation (EU) 2022/1288) applied from 1 January 2023. The European Commission opened a 'Targeted Consultation on the Implementation of the SFDR' in September 2023 + published a 'Comprehensive Assessment' in May 2024 highlighting issues with the current framework (product categorisation widely seen as labelling regime rather than disclosure; complexity of dual-Article-8-and-Article-9 system; PAI burden for smaller FMPs; data quality + completeness). The Commission communicated in May 2024 + 2025 that it intends to propose a SFDR 2.0 with: clearer product categories (potentially three categories - sustainable + transition + ESG collection); stricter binding criteria for use of category labels; better integration with CSRD / ESRS data; simplified PAI for smaller FMPs. As of 2026-05-28 SFDR + SFDR RTS remain the applicable regime pending the SFDR 2.0 proposal + adoption + transposition.

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