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EFRAG set to develop technical advice on ESRS cuts, European Commission expected to set deadline soon.
While some have raised concerns over diminishing transparency, others have welcomed efforts to streamline the EU rules.
Bloc’s legislative proposals will now go to co-legislators for consideration and adoption.
European Commission departments given 24 hours over weekend to review tabled amendments.
Latest news and views from Brussels on the EU's regulatory shake-up ahead of the scheduled publication of proposals by the European Commission.
Potential re-opening of core sustainability texts raises spectre of protracted debates between European co-legislators.
Reluctance to be drawn on specific proposals or desired outcomes, including from previously vocal supporters of the EU sustainable finance agenda.
Sources say the Omnibus proposal scheduled for 26 February is likely to be pushed to March.
Focus should be on 'targeted actions' at technical level to achieve simplification goals, statement signed by more than 150 investors says.
Leaked European Commission note shows no concrete proposals on Omnibus have been drafted ahead of key 26 February meeting.