ESMA just announced that will work closely with NCAs to combat greenwashing. This may include updating the supervisory briefing if needed considering experiences after the SFDR RTS starts applying on 1 January 2023.
This is the briefing that they posted. It aims at implementing a new set of requirements for asset managers.
The points touched by the ESMA briefing:
- Guidance for the supervision of fund documentation and marketing material, as well as guiding principles on the use of sustainability-related terms in funds’ names
- Guidance for convergent supervision of the integration of sustainability risks by AIFMs and UCITS manager
The publication is part of the actions to implement ESMA’s Sustainable Finance Roadmap.