Funds

Half of respondents to consultation want new category system, but Brussels says views are still divided.

IA survey finds limited appetite for meeting July starting gun, but majority of firms will look to label by December.

FSA says Jyske sustainable fund name should reflect investment process, but firm says regulator is enforcing rules more stringently than ESMA.

The latest developments in sustainable finance: ‘Strong’ preliminary results on US bank green finance proposals, says NYC comptroller; UK Treasury and IA say defence companies ‘compatible’ with ESG.

Proposed move to extend SDR to apply to portfolio management services comes ahead of introduction of fund-level ESG labels in the UK.

Platform on Sustainable Finance asked to look at potential categories beyond those proposed in last year’s consultation.

Morningstar warns that asset versus portfolio improvement approach means alignment for passive PAB and CTB funds will prove challenging.

The latest developments in sustainable finance: BlackRock accused by Mississippi secretary of state of making 'fraudulent' statements about ESG and non-ESG funds; Brazil Central Bank considers adopting ISSB standards.

The rules are set to apply to the EU ESG ratings market 18 months after adoption.

Large firms aim to have fund labels ready for start of new regime, but are grappling with definition challenges and a separate looming greenwashing deadline.