KnowYourFunds’ Post

In their latest conversation with Money Marketing, my colleagues Abi Reilly and Luke Murray shared key insights on the evolving and growing ESG obligations for UK and European financial services firms - from anti-greenwashing measures to product labels, reporting requirements and more.   #ESG #SDR

In their latest conversation with Money Marketing, Abi Reilly and Luke Murray shared key insights on the evolving ESG obligations for UK and European firms, touching on anti-greenwashing measures, product labels, and more. Check out the full piece here!   #ESG #SDR

Bovill Newgate’s Abi Reilly and Luke Murray recently spoke with Money Marketing to explore the ESG challenges that firms across the UK and Europe face, from anti-greenwashing to product labels and reporting requirements. Their insights shed light on the growing obligations for financial services   #ESG #SDR

Bovill Newgate’s Abi Reilly and Luke Murray recently spoke with Money Marketing to explore the ESG challenges that firms across the UK and Europe face, from anti-greenwashing to product labels and reporting requirements. Their insights shed light on the growing obligations for financial services 🔦   #ESG #SDR

📢 NEWSFLASH : ESMA Guidelines on funds’ names using ESG or sustainability-related terms: Application dates On 14 May 2024, the European Securities and Markets Authority (ESMA) published the final version of its new Guidelines on funds’ names using ESG or sustainability-related terms (the Guidelines). The purpose of the Guidelines is to specify the circumstances under which the funds’ names using ESG or sustainability-related terms are unfair, unclear or misleading. Funds’ names can have a significant impact on the investors’ expectations and decisions. Unfair, unclear or misleading sustainability terms could expose them to greenwashing risks. Furthermore, the Guidelines apply in relation to the obligation of the entities in scope to act honestly and fairly in conducting their business as well as the obligation that all the information included in marketing communications is fair, clear and not misleading. More information : https://lnkd.in/gCGY6sv4 #ESMA #Guidelines #Funds #ESG #Sustainability Alex Schmitt | Cédric Bellwald | Françoise Pfeiffer

The Financial Conduct Authority has offered firms temporary flexibility to comply with the ‘naming and marketing’ rules under its Sustainable Disclosure Requirements. The rules require that funds marketed or sold with sustainability-related terms but without a label must have genuine sustainability characteristics and names that accurately reflect those characteristics. #responsibleinvestment #ESGdisclosure #climatechange #greenwashing #sustainability #investors

Great article from my colleague Patrick Rogers on the UK's anti-greenwashing rule in force as of today, check it out below!

👉 Last Friday, the Financial Conduct Authority (#FCA) anti-greenwashing rules came into force as part of the UK Sustainability Disclosure Requirement (SDR). The rules are comprehensive and apply to all communications from FCA-regulated firms when making sustainability-related claims in the UK to clients about products and services, or when making a financial promotion to any person in the UK. Read the full article by Patrick Rogers to learn more about this new rule and its possible impact. #greenwashing #sustainability

The FCA has laid out final guidance on anti-greenwashing, opened a consultation to extend sustainability disclosure rules (SDR) to portfolio management, and published a roadmap to apply it to the overseas fund regime (OFR). We explain what this means for financial services. https://bit.ly/4dGYAoi

Lack of uniformity throws confusion into ESG regs - Founder and President Amy Lynch states that the lack of uniformity will make it very hard for firms that operate globally in various jurisdictions to stay in compliance with marketing materials utilized for ESG fund offerings. "One of the reasons why the SEC has been maybe hesitant to finalize the ESG regulations here for advisors and funds is because of the lack of clarification globally," she said. "It's a lack of continuity in regulation regarding ESG." https://lnkd.in/eFXZirFy #esg #regulations #europeanunion #frontlinecompliance #frontlineexperts #frontlineedge