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ESMA to launch and participate in CSA on ESG disclosures for Benchmarks Administrators

On 13 December 2023, the European Securities and Markets Authority (ESMA) announced the launch of a common supervisory action (CSA) with Member State competent authorities on ESG disclosures under the Benchmarks Regulation (BMR). This is the first CSA for ESMA in its role as a direct supervisor of benchmarks administrators. The CSA will be carried … Continue Reading

MEPs adopt significant changes to draft rules on ESG ratings

On 5 December 2023, the European Parliament announced that in the Economics and Monetary affairs committee MEPs, led by the rapporteur Aurore Lalucq (S&D, FR), voted in favour of significant changes to draft regulation proposed by the European Commission on environmental, social and governance (ESG) ratings. The adopted report adds provisions to ensure that rating … Continue Reading

FCA publishes results of multi-firm review on embedding of Guiding Principles for ESG and sustainable investment funds

On 16 November 2023, the FCA published the results of its multi-firm review which tested how authorised fund managers (AFMs) are embedding the ‘Guiding Principles’, which were set out in a Dear Chair letter in July 2021, for ESG and sustainable investment funds. The FCA has published the review ahead of its final rules and … Continue Reading

Latest ESG updater

We have published our latest ESG updater, tracking regulatory developments in the ESG space from 15 September – 13 October 2023. Should you wish to receive the updater please sign up here. For further updates on regulatory developments in the ESG space please visit our Financial Services Regulatory Developments in ESG hub.… Continue Reading

Proposed Regulation on ESG Ratings: overview and legislative process

On 13 June 2023, the European Commission (Commission) published a proposal for a Regulation on Environmental, Social and Governance (ESG) ratings. The legislative proposal lays out a regulatory framework for the provision of ESG ratings in the EU. The main aim of the proposal is to improve the transparency of ESG ratings characteristics and methodologies … Continue Reading

Financial services regulation and ESG: Regulation Around the World

In this latest edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards Environmental, Social and Governance measures focussing in particular on disclosures, greenwashing and taxonomy.… Continue Reading

ESMA study on ESG names and claims in the EU fund industry

On 2 October 2023, the European Securities and Markets Authority (ESMA) published a study on environmental, social and governance (ESG) names and claims in the EU funds industry. This study contributes to ESMA’s on-going monitoring efforts in the area of greenwashing risks, in particular in the investment management sector and supports on-going regulatory efforts regarding … Continue Reading

Latest ESG updater

We have published our latest ESG updater, tracking regulatory developments in the ESG space over the last month. Should you wish to receive the updater please contact Haney Saadah. For further updates on regulatory developments in the ESG space please visit our Financial Services Regulatory Developments in ESG hub.… Continue Reading

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