On 15 May 2024, the Commission de Surveillance du
Secteur Financier (the
“CSSF”) published a communication
related to the European Securities and Markets Authority
(“ESMA”)'s final report on the
guidelines on funds' names using ESG and
sustainability-related terms (the “CSSF
Communication”).
In line with its confirmation that funds' names are a
powerful marketing tool that should not mislead investors, ESMA
conducted a consultation targeted to the funds' names using
ESG and sustainability-related terms that closed on 20 February
2023 (the “Consultation”).
As the investment funds industry had been waiting for the
guidelines resulting from the Consultation, ESMA published a public
statement of 14 December 2023 in which it already stated that the
requirements in relation to funds' name would differ from
what was expected from the Consultation.
