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ARTICLE · 27 MAY 2022

SEC Announces Disclosures And Rules Changes Intended To Combat "Greenwashing"

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

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Today, the SEC issued two complementary press releases announcing certain proposed rules. First, the SEC announced "proposed amendments to enhance and modernize the Investment Company Act...

United StatesEnvironment
Jacob Hupart
Jacob Hupart
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Today, the SEC issued two complementary press releases announcing certain proposed rules.  First, the SEC announced "proposed amendments to enhance and modernize the Investment Company Act 'Names Rule'" that would "extend the requirement to any fund name with terms suggesting that the fund focuses in investments that have (or whose issuers have) particular characteristics . . . includ[ing] fund names with terms . . . indicating that the fund's investment decisions incorporate one or more environmental, social, or governance factors."  In other words, if the name of an investment fund states that it is a "green" fund, then the investments made by that fund must reflect "green" investing.

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