Regulatory Alerts2022-10-31
AFM Response to EC Consultation on ESG Ratings Market Functioning
The Dutch Authority for the Financial Markets (AFM) submits its response to the European Commission's consultation on the functioning of the ESG ratings market. The AFM advocates for mandatory transparency regarding methodologies and underlying data to improve comparability and investor understanding. It further urges that regulation cover the full spectrum of ESG services, including data provision, to prevent circumvention, and proposes centralized supervision by ESMA to ensure harmonized oversight across the EU.
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