Earlier today, the European Securities and Markets Authority
("ESMA") published the awaited
translations in all official EU languages of its
Guidelines on funds' names using ESG or
sustainability-related terms (the
"Guidelines").
Application Date
Now that the translations have been published, it is established
that the Guidelines will apply on 21 November 2024
(the "Application Date"), three
months after the publication date.
For funds in existence prior to the Application Date, a
transitional period of six months
will apply, ending on 21 May 2025. New funds
established on or after the Application Date must adhere to the
Guidelines immediately.
National competent authorities, including the Central Bank of
Ireland, have until 21 October 2024 to notify ESMA
whether they: (i) comply; (ii) do not comply but intend to comply;
or (iii) do not comply and do not intend to comply with the
Guidelines.
