Regulatory Alerts2023-07-04
Feedback Statement No. 1 of 2023: Sustainable Finance Regulatory Framework for ADGM
The Financial Services Regulatory Authority and Registration Authority of Abu Dhabi Global Market have implemented a Sustainable Finance Regulatory Framework following a consultation on proposals for green funds, bonds, and ESG disclosures. Key changes include extending mandatory third-party attestation to Exempt Funds and requiring in-scope entities to make ESG disclosures on a comply-or-explain basis. The regulators plan to conduct a post-implementation review in 2025 to assess readiness for mandatory disclosure standards and potential fee structures.
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