We invite you to join our webinar on 18 November 2021 in which our global financial services team will discuss and examine recent ESG related developments across key jurisdictions and provide their views on what’s on the horizon.
The webinar will be held on the following times during 18 November 2021:
On 4 November 2021, the Investment Association published version 3.0 of its model discretional investment management agreement, in co-operation with Norton Rose Fulbright. The model agreement is a template agreement relating to the appointment of a discretionary investment manager by a client that has been categorised by the manager as a professional client. The
On 3 November 2021, the FCA published ‘A strategy for positive change: our ESG priorities’ which sets out the regulator’s updated ESG strategy following the publication in October 2019 of Feedback Statement 19/6: Climate change and green finance.
The FCA’s work is based on five core themes:
On 3 November 2021, the FCA published Discussion Paper 21/4: Sustainability Disclosure Requirements and Investment Labels (DP21/4).
DP21/4 follows the publication of the Government’s Roadmap to Sustainable Investing on 18 October 2021. The Roadmap sets out the Government’s ambitions for new economy-wide sustainability disclosures that enable every financial decision to factor in climate
On 28 October 2021, the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), The Pensions Regulator (TPR) and the Financial Reporting Council on (FRC) released a joint statement concerning the publication of Climate Change Adaptation Reports. Each report sets out how climate change affects the UK
On 26 October 2021, the Association for Financial Markets in Europe (AFME) published two Consultation Responses (CR) in response to two publications that the HM Treasury released.
The AFME is the European member of the Global Financial Markets Association (GFMA) a global alliance with the Securities Industry and Financial
On 25 October 2021, the Financial Conduct Authority (FCA) published Policy Statement PS 21/14, ‘A new authorised fund regime for investing in long term assets’. PS21/14 sets out a response to the feedback received to Consultation Paper CP21/12 proposing a new category of authorised open-ended fund called the long-term asset fund
On 22 October 2021, the ESAs delivered to the European Commission their Final Report with the draft RTS regarding disclosures under the Sustainable Finance Disclosure Regulation (SFDR) as amended by the Regulation on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation). The disclosures relate to financial products that make sustainable
On 19 October 2021, the Network for Greening the Financial System (NGFS) published the report “Scenarios in action: a progress report on global supervisory and central bank climate scenario exercises”. The report sets out how a growing number of NGFS members, across all continents, are using climate scenarios to identify, assess and understand
On 18 October 2021, the HM Treasury published a policy paper titled, ‘Greening Finance: A Roadmap to Sustainable Investing’.
The policy paper refers to the government’s long-term goal to green the financial system and align it with the UK’s net-zero commitment. Greening the financial system will be carried out through three phases: