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By Jeremy PAGES, Partner Fabienne BRILLAND, Senior Manager at Deloitte Luxembourg
The European Securities and Markets Authority (ESMA) has published comprehensive guidelines (the Guidelines) that apply to Undertaking for Collective Investment in Transferable Securities (UCITS) management companies and Alternative Investment Fund Managers (AIFM). The Guidelines aim to enhance investor protection and mitigate greenwashing risks by proposing a stringent framework for using ESG- or sustainability-related terms in fund names, including quantitative thresholds or minimum safeguards. They will take effect on 21 November 2024, with a transitional period for existing funds until 21 May 2025. This article explores the main upcoming challenges and presents ongoing...
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