Regulatory Alerts2022-06-17 | 2022-11718Added
Enhanced Disclosures by Certain Investment Advisers and Investment Companies About Environmental, Social, and Governance Investment Practices
The Securities and Exchange Commission proposes amendments to rules and forms under the Investment Advisers Act and Investment Company Act to require registered investment advisers and investment companies to provide enhanced disclosures regarding their environmental, social, and governance investment practices. These proposed changes aim to create a consistent, comparable, and decision-useful regulatory framework that mitigates the risk of greenwashing and helps investors better evaluate and compare ESG strategies. Additionally, the proposal mandates specific reporting on Form N-CEN for index funds and requires ESG-related disclosures to be submitted in structured data formats to facilitate analysis.
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