On 21 August 2024, the European Securities and Markets Authority (ESMA) announced that it had published the translations in all official EU languages of its guidelines on funds’ names using ESG or sustainability-related terms.

Following the publication of the translations:

• Member State competent authorities must notify ESMA by 21 October 2024 whether they (i) comply, (ii) do not comply, but intend to comply, or (iii) do not comply and do not intend to comply with the guidelines.
• The guidelines start applying from 21 November 2024.
• The transitional period for funds existing before the application date will be six months after that date (i.e., 21 May 2025). Any new funds created on or after the application date should apply the guidelines immediately.