The European Fund and Asset Management Association has criticised the European Securities and Markets Authority's latest guidelines for ESG fund names.
Under ESMA's proposed regulations, for a fund to use "any ESG-related words" in its name, at least 80% of its holdings must be "used to meet the environmental or social characteristics or sustainable investment objectives". FCA consultation closes: Respondents raise concerns over SDR labelling proposals While EFAMA has shared its support for "setting common rules", its feedback to the watchdog urges that ESMA "delays [its] proposed guidelines until the lack of clarity on what constitutes a 'sustainable investment' is rectified". ESMA's Consultation on Guidelines on funds' names u...
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15 February 2024
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1 min read
