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ARTICLE · 22 OCTOBER 2024

ESMA Guidelines On Funds' Names Using ESG Or Sustainability-Related Terms

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This note sets out the scope of the European Securities and Markets Authority's (ESMA) final guidelines on funds' names using ESG or sustainability-related terms (the Guidelines).

United KingdomFinance and Banking
Rachel Richardson
Rachel Richardson
Emily Batchelor
Emily Batchelor

This note sets out the scope of the European Securities and Markets Authority's (ESMA) final guidelines on funds' names using ESG or sustainability-related terms (the Guidelines).

We set out below the scope of the Guidelines, the timing considerations and any action fund managers need to take ahead of the deadline. Although the Guidelines were first published in May 2024, ESMA published the official translations of the guidelines in August 2024, which determined the deadlines for compliance (as detailed below).

Scope

  • The Guidelines apply to Alternative Investment Fund Managers (including internally managed AIFs), UCITS management companies, (including any UCITS which has not designated a UCITS management company), EuVECA, EuSEF and ELTIF and MMFs managers.

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