![]() ![]() While the CSSF understands that it is currently being envisaged to defer the date of application of those RTS to 1 January 2023, it encourages financial market participants to use, already as of now, for disclosure purposes the new pre-contractual and periodic product information templates that have been provided in these draft RTS dated 22 October 2021. In this context, the European Insurance and Occupational Pensions Authority (EIOPA), the European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) jointly submitted to the European Commission draft regulatory technical standards (“RTS”) under Articles 8(4), 9(6) and 11(5) of the Sustainable Finance Disclosure Regulation 2019/2088 ( JC 2021 50) on 22 October 2021. In relation to pre-contractual disclosures required under SFDR, SFDR Level 1 requirements came into force on 10 March 2021 (please refer to the CSSF Communiqué dated 16 December 2020), whilst Level 2 requirements are to apply at a later date.
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