Regulatory Alerts2022-01-01
Consultation Paper No. 6 of 2022 - Proposals for a Sustainable Finance Regulatory Framework
The Financial Services Regulatory Authority and Registration Authority of the Abu Dhabi Global Market propose a regulatory framework to mitigate greenwashing and support the UAE's Net Zero by 2050 Strategic Initiative. The proposals introduce an opt-in designation for ADGM Green Funds investing in verified green assets and a new category for Climate Transition Funds financing decarbonization efforts. Additionally, the framework mandates specific ESG disclosures for ADGM-incorporated entities and establishes eligibility criteria for green and sustainability-linked bonds and sukuks.
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