Regulatory Alerts2024-01-01
Green Bonds Guidelines 2024
The Securities and Exchange Commission issued these guidelines to regulate green bond issuances, mandating that proceeds exclusively finance or refinance projects with verified positive environmental impacts. Issuers must implement transparent project evaluation and fund tracking processes, secure independent external reviews aligned with ICMA principles, and maintain continuous periodic and immediate disclosures regarding fund allocation and environmental performance. The framework defines eligible green categories and explicit exclusions, establishes pre-issuance approval procedures, and empowers the Commission to enforce compliance through administrative penalties and remedial actions.
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