Regulatory Alerts2023-02-16
Summary of Amendments to Revised Guidelines on Sustainable and Responsible Investment Funds
The Securities Commission issued revised guidelines on 17 February 2023 to establish a comprehensive regulatory framework for Sustainable and Responsible Investment Funds. The amendments enhance disclosure and reporting requirements, incorporate the ASEAN Sustainable and Responsible Fund Standards, and introduce new definitions and qualification criteria for funds. Key changes include prescribing minimum asset allocation thresholds, sustainability risk considerations, and updated application procedures for both SRI and ASEAN SRF qualifications.
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