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The European Securities and Markets Authority (ESMA) published its final report containing Guidelines on funds’ names using ESG or sustainability-related terms. The objective of the Guidelines is to ensure that investors are protected against unsubstantiated or exaggerated sustainability claims in fund names, and to provide asset managers with clear and measurable criteria to assess their ability to use ESG or sustainability-related terms in fund names. They are relevant to all fund documentation and marketing communications addressed to investors or potential investors of UCITS or AIFs. In our publication we provide an overview of the new rules, including explanations of key terms, supervisory expectations, and key dates by which funds will need to adapt and comply.
For more information in relation to this topic, please contact any member of A&L Goodbody's Asset Management & Investment Funds team.
Date published: 23 May 2024
