Regulatory Alerts2022-07-28
Added
Disclosure and Reporting Guidelines for Retail ESG Funds
The Monetary Authority of Singapore issued Circular CFC 02/2022 to mitigate greenwashing risks by establishing disclosure and reporting requirements for retail funds claiming an environmental, social, and governance focus. The guidelines mandate specific prospectus disclosures regarding investment strategies and metrics, alongside enhanced annual reporting on ESG performance and stakeholder engagement. These requirements apply to authorized and recognized schemes, with UCITS funds classified under EU Articles 8 or 9 deemed compliant, and take effect on 1 January 2023.
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