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ARTICLE · 08 AUGUST 2022

Singapore Published New Disclosure Guidelines For Retail ESG Funds

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On July 28, 2022, the Monetary Authority of Singapore (the "MAS") published a circular (the "Circular") on new disclosure and reporting guidelines for retail ESG funds in Singapore.

SingaporeFinance and Banking
Mark Uhrynuk
Mark Uhrynuk
Joey C.Y. Lee
Joey C.Y. Lee
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On July 28, 2022, the Monetary Authority of Singapore (the "MAS") published a circular (the "Circular") on new disclosure and reporting guidelines for retail ESG funds in Singapore. The Circular was published alongside a Sustainability Report 2021/2022 issued by MAS and coincides with the issuance of Singapore's first green bond (which was announced here). Pursuant to the Circular, retail ESG funds are required to provide details on their investment strategies, criteria and metrics used to select investments, and risks and limitations associated with the funds' strategies. The Circular will take effect on January 1, 2023.

The Circular is published in the midst of a growing investor interest in ESG-related investment products in Singapore. The Circular intends to mitigate the risk of greenwashing, where investments are falsely or misleadingly claimed as environmentally sound, and to help investors make more informed investment decisions. According to Ravi

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