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Dec 19, 2023 | 
lexblog.com | Nicola Higgs |Becky Critchley |Anne Mainwaring |Ella McGinn
Benchmark administrators should review the quality of their ESG benchmark disclosures ahead of a review by EU regulators during 2024. By Nicola Higgs, Becky Critchley, Anne Mainwaring, Ella McGinn, and Charlotte CollinsOn 13 December 2023, the European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, announced its plans to launch a Common Supervisory Action (CSA).
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Dec 18, 2023 | 
lexology.com | Nicola Higgs |Becky Critchley |Anne Mainwaring |Ella McGinn |Charlotte Collins
Benchmark administrators should review the quality of their ESG benchmark disclosures ahead of a review by EU regulators during 2024. On 13 December 2023, the European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, announced its plans to launch a Common Supervisory Action (CSA).
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Nov 27, 2023 | 
lexology.com | Nicola Higgs |Charlotte Collins |Anne Mainwaring
The FCA has set out good and poor practices for asset managers to consider in relation to funds with ESG or sustainable characteristics. On 16 November 2023, the FCA published the findings from its review of how asset managers have been embedding current regulatory expectations regarding the design, delivery, and disclosure of funds marketed as having ESG or sustainable characteristics.
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Jun 6, 2023 | 
lexblog.com | Paul A. Davies |Nicola Higgs |Michael Green |Anne Mainwaring
The Commission has clarified requirements for financial product classifications and the definition of “sustainable investment” under the SFDR. By Paul A. Davies, Nicola Higgs, Michael D. Green, Anne Mainwaring, and James BeeIn April 2023, the European Commission (Commission) published a series of answers to questions that the European Supervisory Agencies (ESAs) had raised in September 2022 on the legal interpretation of certain aspects of the Sustainable Finance Disclosure Regulation (SFDR).
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Jun 5, 2023 | 
lexology.com | Paul A. Davies |Nicola Higgs |Michael Green |Anne Mainwaring |James W. Bee
The Commission has clarified requirements for financial product classifications and the definition of “sustainable investment” under the SFDR. In April 2023, the European Commission (Commission) published a series of answers to questions that the European Supervisory Agencies (ESAs) had raised in September 2022 on the legal interpretation of certain aspects of the Sustainable Finance Disclosure Regulation (SFDR).
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May 24, 2023 | 
lexblog.com | Paul A. Davies |Nicola Higgs |Michael Green |Anne Mainwaring
The Commission has clarified requirements for financial product classifications and the definition of “sustainable investment” under the SFDR. By Paul A. Davies, Nicola Higgs, Michael D. Green, Anne Mainwaring, and James BeeIn April 2023, the European Commission (Commission) published a series of answers to questions that the European Supervisory Agencies (ESAs) had raised in September 2022 on the legal interpretation of certain aspects of the Sustainable Finance Disclosure Regulation (SFDR).
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Mar 22, 2023 | 
lexblog.com | Nicola Higgs |Becky Critchley |Anne Mainwaring |Ella McGinn
The regulator is concerned that ESG-related disclosures are not meeting expectations. By Nicola Higgs, Becky Critchley, Anne Mainwaring, Ella McGinn, and Charlotte CollinsThe FCA has published a Dear CEO letter sent to benchmark administrators on 20 March 2023, expressing concerns about the quality of their ESG-related disclosures. The FCA’s concerns are based upon a preliminary review of ESG benchmarks, which assessed the disclosures made by a sample of UK benchmark administrators.
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Mar 21, 2023 | 
lexology.com | Nicola Higgs |Becky Critchley |Anne Mainwaring |Ella McGinn |Charlotte Collins
The regulator is concerned that ESG-related disclosures are not meeting expectations. The FCA has published a Dear CEO letter sent to benchmark administrators on 20 March 2023, expressing concerns about the quality of their ESG-related disclosures. The FCA’s concerns are based upon a preliminary review of ESG benchmarks, which assessed the disclosures made by a sample of UK benchmark administrators.
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Feb 17, 2023 | 
jdsupra.com | Anne Mainwaring |Sara Sayma
[co-author: Dianne Bell]The discussion paper aims to encourage industry-wide dialogue on sustainability related-governance, incentives, and competence. On 10 February 2023, the FCA published DP23/1: Finance for positive sustainable change: governance, incentives and competence in regulated firms.
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Jan 30, 2023 | 
lexblog.com | Tom Evans |Nell Perks |Anne Mainwaring |David Walker
PE firms face growing regulatory and litigation risks from greenwashing claims as they navigate a fragmented anti-greenwashing landscape. By Tom D. Evans, Nell Perks, Anne Mainwaring, David J. Walker, and Catherine CampbellAmid concerns of exaggerated or misleading sustainability claims, the UK Financial Conduct Authority’s (FCA) recent proposal for new labelling and disclosure rules to combat greenwashing (see text box) should put PE firms on alert for a growing range of greenwashing risks.
