On 10 April 2025, the European Securities and Markets Authority issued a TRV risk analysis article, ‘Fund names: ESG-related changes and their impact on investment flows’. The article provides an analysis of the evolution of ESG names among EU-domiciled investment funds since 2009, including both UCITS and alternative investment funds. It also examines the
ESMA Q&As on the application of the guidelines on funds’ names using ESG or sustainability-related terms
On 13 December 2024, the European Securities and Markets Authority (ESMA) issued Q&As on the application of its guidelines on funds’ names using ESG or sustainability-related terms (Guidelines).
Background
On 21 August 2024, ESMA announced that it had published translations of the Guidelines in all official EU languages.
Following the publication
Let’s talk asset management: Episode 8 – ESMA’s guidelines on funds’ names using ESG or sustainability related terms
In this latest episode of our podcast series, Let’s talk asset management, Cyril Clugnac and Simon Lovegrove discuss the European Securities and Markets Authority’s final guidelines on funds’ names using ESG or sustainability-related terms. The guidelines apply from 21 November 2024.
We have also published a briefing note on ESMA’s guidelines.
Listen to the podcast
ESAs joint report on PAI disclosures under the SFDR
On 30 October 2024, the European Supervisory Authorities (ESAs) issued a joint report that assesses both entity and product-level Principal Adverse Impact (PAI) disclosures under the Sustainable Finance Disclosure Regulation (SFDR).
The report follows a survey from Member State competent authorities (NCAs) on the current state of
ESMA updates implementation timeline on sustainable finance
On 14 October 2024, the European Securities and Markets Authority (ESMA) published an updated version of its implementation timeline on sustainable finance.
The implementation timeline covers:
Updated briefing note: ESMA guidelines on funds’ names using ESG or sustainability-related terms
We have updated our briefing note on ESMA guidelines on funds’ names using ESG or sustainability-related terms.
The updated briefing note is here.
FAQs on the implementation of the EU corporate sustainability reporting rules
On 7 August 2024, the European Commission (Commission) published frequently asked questions (FAQs) intended to clarify the interpretation of certain provisions on sustainability reporting introduced by the Corporate Sustainability Reporting Directive.
The FAQs also include a limited number of clarifications concerning the interpretation of certain provisions of the first set of
ESAs update consolidated Q&As on the SFDR
On 25 July 2024, the European Supervisory Authorities issued an updated version of its consolidated questions and answers on the SFDR and the SFDR Delegated Regulation.
The ESAs have added answers to a number of new questions including:
- For financial products falling under Article 8 or 9 SFDR, where the financial market participant making available
ESAs’ opinion – Assessment of the SFDR
On 18 June 2024, the European Supervisory Authorities (ESAs) published an opinion on the assessment of the Sustainable Finance Disclosure Regulation (SFDR).
The ESAs have delivered this opinion on their own initiative, and it is published in the context of the review of the SFDR by the European Commission (Commission
New Briefing Note – The EU SFDR and the UK SDR examined
Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime). The rules and guidance are currently limited to UK asset managers and essentially the requirements comprise of two components