ESMA – Regulatory ESG Update
The European Securities and Markets Authority (ESMA) has released the timeline for key regulatory updates in sustainable finance, set to take effect in 2025. These changes will be particularly relevant for fund managers, asset managers, and compliance professionals who need to integrate ESG and sustainability requirements into their products and processes.
From new guidelines on fund names to enhanced disclosure obligations for non-financial companies, these regulations will play a crucial role in ensuring transparency and compliance within the sustainable finance sector. It is essential to be prepared for these upcoming changes to meet regulatory demands and address the growing emphasis on sustainability.
Here are the key dates and requirements for 2025:
ESMA Guidelines on funds names using ESG or sustainability-related terms:
21 November 2024: Applicable for any new incepted fund
21 May 2025: Applicable for existing funds. End of transition period
Taxonomy Regulation:
1 January 2025: Non-financial undertakings need to disclose KPIs on taxonomy-alignment according to Taxonomy Regulation Disclosures Delegated Act
EU Green Bond Regulation:
Mar-Jun 2025: Consultation on remaining technical standards
Sustainable Finance Disclosure Regulation:
Summer 2025: ESMA considers to review Level 1 implementation
30 June 2025: Joint ESAs Report on voluntary disclosures under SFDR
Benchmark Regulation:
End 2025: End of third country benchmarks transitional provisions
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