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SFDR 2.0: Leaked proposal from the EU Commission

European Parliament In Brussels with flags flying in front of the building.
Photo: Thierry Monasse/Getty Images

The leaked draft indicates widespread changes with new product categories.

A leaked EU Commission proposal for SFDR 2.0 outlines significant changes to the regulatory framework that look to set minimum standards for categorized funds, simplify reporting, and improve clarity for market participants.

On November 6, 2025, a leaked draft of the EU Commission’s proposal for SFDR 2.0 was released into theSFDR Article