ESMA puts forward Q&As on the application of the Guidelines on funds' names

December 13, 2024-The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, is today publishing Q&As with further details on specific aspects of the practical application of the Guidelines on funds' names using ESG or sustainability-related terms.

The Q&As are related to green bonds [UCITS, AIF][1], the convergence on "meaningfully investing in sustainable investments" [UCITS, AIF] and the definition of controversial weapons [UCITS, AIF]. The objective is to ensure a smooth application of the Guidelines through common understanding of key concepts.

The Q&A on green bonds explains that investment restrictions related to the exclusion of companies do not apply to investments in European Green Bonds. For other green bonds, fund managers may use a look-through approach to assess whether the activities financed are relevant for the exclusions;

The Q&A on "meaningfully investing in sustainable investments" presents a common understanding among national competent authorities that funds may not be "meaningfully investing in sustainable investments" if they contain less than 50% of sustainable investments; and

ESMA publishes latest edition of its newsletter

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