|
By Arnaud JULIEN, Antonios NEZERITIS Marc HIRTZ, Ashurst
On 21 August 2024, ESMA published its guidelines on funds’ names using ESG- or sustainability-related terms (ESMA34-1592494965-657, the “Guidelines”).
The Guidelines will become applicable three months after their publication, i.e. as of 21 November 2024. Any new funds set up on or after that date will have to comply with the Guidelines immediately. Funds existing on 21 November 2024, however, benefit from a transition period of six months. Such funds will therefore only have to comply with the Guidelines from 21 May 2024 onwards.
It is important for in-scope firms to sufficiently address the topic and to assess the portfolio compositions of funds under their...
|