To The Point: Financial Regulation | 05/2024

Welcome to our to the point newsletter. Every month, we are looking back at the most relevant developments in the area of financial regulation in the CEE region.

In this edition, you will get a mix of updates:

ESG 14/05: ESMA – Guidelines on harmonised criteria for use of ESG and sustainability terms in fund names

The ESMA has published final report Guidelines on the use of ESG and sustainability-related terms in fund names to protect investors from unsubstantiated claims and provide clear criteria for asset managers. To use these terms, funds must have at least 80 % of investments meeting environmental, social or sustainable objectives. Specific exclusion criteria apply to terms like "Environmental", "Impact", "Transition", "Social" and "Governance", aligned with Paris-aligned (PAB) and Climate Transition (CTB) Benchmarks. The Guidelines will be published in all EU languages and take effect three months later. Competent authorities must notify the ESMA of