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
On 9 April 2025, the European Securities and Markets Authority (ESMA) published a Final Report on a Common Supervisory Action (CSA) on ESG disclosures under the Benchmarks Regulation (BMR).
The CSA was launched in December 2023 and sought to assess how benchmark administrators supervised in the EU comply with
On 7 April 2025, the European Securities and Markets Authority (ESMA) published its second consultation paper on draft technical standards under the Regulation on European Green Bonds (EuGB Regulation).
The EuGB Regulation requires ESMA to develop a series of technical standards on external reviewers. These have been developed in two packages.
The Office of the Comptroller of the Currency will no longer follow interagency guidance on climate-related risk management for large financial institutions.
The full update can be found here on our US Regulatory Intelligence platform.
On 2 April 2025, the Financial Conduct Authority (FCA) published the feedback it received to discussion paper DP23/1 on finance for positive change, along with its response and next steps.
Background
DP23/1 was published in February 2023, with the aim of encouraging an industry-wide dialogue on firms’ sustainability-related governance, incentives and competences. The
The SEC voted to end its defense of the rules requiring disclosure of climate-related risks and greenhouse gas emissions. The rules created a detailed and extensive special disclosure regime about climate risks for issuing and reporting companies.
The full update can be found here on our US Regulatory Intelligence platform.
On 1 April 2025, the European Parliament issued a press release stating that it had voted in favour of fast tracking its work on the stop-the-clock proposal to postpone the application of social and environmental reporting and due diligence measures. The European Parliament will decide on Thursday whether to delay the application of the requirements.
On 1 April 2025, the EU Platform on Sustainable Finance (Platform) published a report ‘Advancing Sustainable Finance: Technical Criteria for New Activities & First Review of the Climate Delegated Act’. In the report the Platform responds to the European Commission’s request to review and provide recommended amendments to the technical screening criteria
On 28 March 2025, the EU Platform on Sustainable Finance (Platform) published an updated version of its handbook on Climate Transition Benchmarks and Paris Aligned Benchmarks.
The first version of the Handbook was published in 2019 and was in response to frequently asked questions (FAQs), which the TEG benchmarks subgroup members
On 26 March 2025, the Council of the EU announced that Member States’ representatives (Coreper) approved its position on the so-called ‘Stop-the-clock’ directive which forms part of the Omnibus I package that the European Commission adopted at the end of February to simplify EU legislation in the field of sustainability. The proposed directive