With the uncertainty plaguing the ultimate status of the SEC’s climate disclosure rules on the federal level (we reported on the most recent developments in The SEC Votes to “End its Defense” of Climate Change Rules and SEC Asks Court to Put Climate Change Litigation on Hold), a number of U.S. states have continued
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Clock starts for EU ESG Ratings Regulation
By John Verwey, Rachel Lowe, Michael Singh & Sulaiman Malik on
On 12 December 2024, the EU Regulation on ESG Ratings Providers and their transparency and integrity was published in the Official Journal of the European Union (the “Regulation”).
It means that the Regulation will enter into force on 2 January 2025 (20 days after publication in the Official Journal of the European Union) and will…
“Meaningfully Investing in Sustainable Investments” Clarified for ESMA ESG Fund Name Guidelines
By John Verwey, Rachel Lowe, Michael Singh & Sulaiman Malik on
- “meaningfully investing in sustainable investments”
UK Change in Control Regime – New Guidance published by the FCA and PRA
By John Verwey, Rachel Lowe, Sulaiman Malik & Michael Singh on
Background
In the United Kingdom, prior approval must be obtained from the Financial Conduct Authority (the “FCA”) or the Prudential Regulation Authority (the “PRA”) prior to becoming a “controller” of an FCA or PRA authorised firm (an “Authorised Firm”).
Such approval is obtained via a “change in control” filing…
ESMA Guidelines on Fund Names
By Rachel Lowe & Michael Singh on
The recent ESMA Final Report on the Guidelines for funds’ names using ESG or sustainability-related terms (the “Guidelines”) marks a critical moment for asset managers. These Guidelines aim to clarify when the use of ESG or sustainability-related terms in fund names may be deemed unfair, unclear or misleading. The Guidelines introduce minimum asset allocation thresholds…
Sanctions Considerations for Private Equity Firms – a few practical tips
- if investors in fund vehicles are subject to sanctions;
- if potential acquisition targets