10/2024

Regulation on a classification system for sustainable investments.

Article 1.

The provisions of the following regulations, which were incorporated into the EEA Agreement by decisions of the Joint EEA Committee No. 218/2022 of 8 July 2022, No. 160/2023 of 13 June 2023 and No. 31/2024 of 2 February 2024, shall apply in this country with the adaptations resulting from Protocol 1 on horizontal adaptation to the EEA Agreement, cf. the Act on the European Economic Area, No. 2/1993, in which the Protocol is enacted:

• Commission Delegated Regulation (EU) 2021/2139 of 4 June 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives, published on p. 45 in the EEA Supplement to the Official Journal of the European Union No. 37 of 11 May 2023, as amended by:

  • Article 1 of Commission Delegated Regulation (EU) 2022/1214 of 9 March 2022 amending Delegated Regulation (EU) 2021/2139 as regards economic activities in certain energy sectors and Delegated Regulation (EU) 2021/2178 as regards specific public disclosures for those economic activities, published on p. 115 in the EEA Supplement to the Official Journal of the European Union No. 92 of 20 December 2023.

  • Commission Delegated Regulation (EU) 2023/2485 of 27 June 2023 amending Delegated Regulation (EU) 2021/2139 by establishing additional technical screening criteria for determining the conditions under which certain economic activities qualify as contributing substantially to climate change mitigation or climate change adaptation and for determining whether those activities cause no significant harm to any of the other environmental objectives, published in Annex 1 to this Regulation.

• Commission Delegated Regulation (EU) 2021/2178 of 6 July 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by specifying the content and presentation of information to be disclosed by undertakings pursuant to Article 19a or 29a of Directive 2013/34/EU concerning environmentally sustainable economic activities, and specifying the methodology to comply with that disclosure obligation, published on p. 10 in the EEA Supplement to the Official Journal of the European Union No. 45 of 15 June 2023, as amended by:

  • Article 2 of Commission Delegated Regulation (EU) 2022/1214 of 9 March 2022 amending Delegated Regulation (EU) 2021/2139 as regards economic activities in certain energy sectors and Delegated Regulation (EU) 2021/2178 as regards specific public disclosures for those economic activities, published on p. 115 in the EEA Supplement to the Official Journal of the European Union No. 92 of 20 December 2023.

  • Article 5 of Commission Delegated Regulation (EU) 2023/2486 of 27 June 2023 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to the sustainable use and protection of water and marine resources, to the transition to a circular economy, to pollution prevention and control, or to the protection and restoration of biodiversity and ecosystems and for determining whether that economic activity causes no significant harm to any of the other environmental objectives and supplementing Delegated Regulation (EU) 2021/2178 as regards specific public disclosures for those economic activities, published in Annex 2 to this Regulation.

• Commission Delegated Regulation (EU) 2023/2486 of 27 June 2023 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to the sustainable use and protection of water and marine resources, to the transition to a circular economy, to pollution prevention and control, or to the protection and restoration of biodiversity and ecosystems and for determining whether that economic activity causes no significant harm to any of the other environmental objectives and supplementing Delegated Regulation (EU) 2021/2178 as regards specific public disclosures for those economic activities, published in Annex 2 to this Regulation.

Article 2.

This Regulation, issued under the authority of the first paragraph of Article 8 of the Act on sustainability disclosure in the field of financial services and a classification system for sustainable investments, No. 25/2023, enters into force immediately. At the same time, the Regulation on technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives, No. 590/2023, and the Regulation on the content and presentation of information to be disclosed by undertakings pursuant to Directive 2013/34/EU concerning environmentally sustainable economic activities and specifying the methodology to comply with that disclosure obligation, No. 644/2023, are repealed.

Disclaimer

Regulations are published in Section B of the Official Gazette pursuant to Article 3 of the Act on the Official Gazette and the Legal Gazette, No. 15/2005, cf. the Regulation on the publication of the Official Gazette No. 958/2005.

In the event of a discrepancy between the text appearing here in the collection and that published in the Section B edition of the Official Gazette, the latter shall prevail.

Information

Ministry: Ministry of Finance and Economic Affairs

Entered into force first: 18 Jan. 2024

Original publication date: 17 Jan. 2024

Last amended: 1 Jan. 2025

Amendment history of Regulation 10/2024

Effect of 10/2024 on other regulations