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ESMA published last briefing to combat greenwashing in investment funds

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ESMA just announced that will work closely with NCAs to combat greenwashing. This may include updating the supervisory briefing if needed considering experiences after the SFDR RTS starts applying on 1 January 2023.

This is the briefing that they posted. It aims at implementing a new set of requirements for asset managers. 

The points touched by the ESMA briefing:

  • Guidance for the supervision of fund documentation and marketing material, as well as guiding principles on the use of sustainability-related terms in funds’ names
  • Guidance for convergent supervision of the integration of sustainability risks by AIFMs and UCITS manager

The publication is part of the actions to implement ESMA’s Sustainable Finance Roadmap.  

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