No longer required to adopt delegated-act standards for 'reasonable assurance' of sustainability reporting by 1 October 2028
What changes
No undertaking population changes hands directly — this exempts the Commission from a future rulemaking duty, forestalling a heavier assurance regime that would otherwise have eventually reached all reporting undertakings and their auditors.
Prior rule vs new rule
Commission empowered/required to work toward reasonable-assurance standards (upgrading from limited assurance) by 1 October 2028, following a feasibility assessment
No longer required to adopt delegated-act standards for 'reasonable assurance' of sustainability reporting by 1 October 2028
Who is affected
Burden drivers
Binds the European Commission, not a company by size.
Source text
To avoid an increase in costs of assurance for undertakings, the requirement to adopt such standards for reasonable assurance should be removed.
View source →Settled later in secondary legislation. The limited-assurance standards themselves remain to be adopted by the Commission via delegated act, now with no fixed deadline.