Regulatory Alerts2022-11-08
Proposed amendments to FUNDS Rules regarding ADGM Green and Climate Transition Funds
The ADGM Regulator proposes amendments to the Funds Rules to establish specific regulatory frameworks for ADGM Green Funds and ADGM Climate Transition Funds. These changes mandate strict investment criteria, requiring funds to predominantly hold eligible green or climate transition assets aligned with accepted taxonomies or benchmarks. Additionally, the rules impose ongoing attestation requirements, mandatory disclosures in prospectuses and annual reports, and a formal designation process to ensure compliance and protect investor interests.
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