The International Organization of Securities Commissions (IOSCO) has issued a consultation report that urges securities regulators to consider setting regulatory expectations for asset managers regarding sustainability-related risks.
Well-crafted rules on sustainable finance will provide meaningful information to investors, facilitate investor choice, and foster further innovation. Read ICI's comments on @IOSCOPress's proposed recommendations on sustainability practices: https://t.co/eBq4E4Fgne
— ICI (@ICI) August 16, 2021
The Investment Company Institute (ICI) filed its comments with IOSCO regarding their recommendations on sustainability practices for asset managers.
Jennifer Choi, ICI Global Chief Counsel issued the following statement in connection with the ICI filing:
“IOSCO is on the right track, recognizing that sustainable finance is rapidly evolving. And well-crafted rules will provide meaningful information to investors, facilitate investor choice, and foster further innovation. To best achieve these policy objectives, we urge IOSCO to strongly encourage policymakers and regulators to take a principles-based approach and put new regulations in the right order, such as addressing corporate disclosure before fund disclosure.”
Source:ICI
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
The FCA regulated digital asset exchange added tokenized access to abrdn’s MMFs last year.
-
The asset manager wants to list the trust as a spot Ethereum ETF.
-
Traders can signal and participate in exceptionally large or illiquid block trades with one click.
-
Asset managers have used Appital Trending Equities to discover over $1bn in potential liquidity.
-
New FCA rules are meant to increase competition and lower barriers to entry.