06/16/2022 | News release | Distributed by Public on 06/16/2022 10:23
31 May 2022
The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, today publishes a Supervisory Briefingto ensure convergence across the European Union (EU) in the supervision of investment funds with sustainability features, and in combating greenwashing by investment funds.
This work will help combat greenwashing by establishing common supervisory criteria for National Competent Authorities (NCAs), to effectively supervise investment funds with sustainability features.
This briefing covers the following areas:
Today's publication is part of the actions to implement ESMA's Sustainable Finance Roadmap,namely the consistent implementation of new requirements applicable to asset managers by developing new supervisory briefing(s).
Next steps
ESMA will work closely with NCAs to combat greenwashing, by promoting further supervisory convergence in supervising investment funds with sustainability features. This may include updating the supervisory briefing if needed considering experiences after the SFDR RTS starts applying on 1 January 2023.