YPOG’s Post

Do you use sustainability-related terms to name your funds? Then pay attention to these new guidelines to enter into force in 2024: 1️⃣ Your fund should apply an 80% minimum proportion of investments used to meet the sustainability characteristics or objectives 2️⃣ Asset Managers must apply the Paris-aligned Benchmark (PAB) exclusions 3️⃣ The funds need to invest "meaningfully" in sustainable investments (as defined by #SFDR's Article 2) The draft of the guidelines was published last week by the European Securities and Markets Authority (ESMA) following a public consultation launched over one year ago (in November 2022). The draft is expected to be approved and officially published in Q2 of 2024. The deadline for Asset Managers to comply depends on whether the fund in question already exists or is a new one. Read more full announcement and timing on ESMA's website. #sustainablefinance #assetmanagement

𝙀𝙎𝙈𝘼 𝙋𝙧𝙤𝙥𝙤𝙨𝙚𝙨 𝘾𝙝𝙖𝙣𝙜𝙚𝙨 𝙖𝙣𝙙 𝙐𝙥𝙙𝙖𝙩𝙚𝙨 𝙏𝙞𝙢𝙚𝙡𝙞𝙣𝙚 𝙛𝙤𝙧 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 𝙤𝙣 𝙀𝙎𝙂 𝙖𝙣𝙙 𝙎𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙞𝙡𝙞𝙩𝙮-𝙍𝙚𝙡𝙖𝙩𝙚𝙙 𝙏𝙚𝙧𝙢𝙨 𝙞𝙣 𝙁𝙪𝙣𝙙 𝙉𝙖𝙢𝙚𝙨 🌐 The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator, announces important developments regarding its guidelines on ESG and sustainability-related terms in fund names. 🔄 Postponement for Comprehensive Consideration In light of the progressing reviews of the AIFMD and UCITS Directive, ESMA has chosen to defer the adoption of the Guidelines. This strategic decision ensures a thorough consideration of the outcomes of these reviews. Notably, the provisional agreement from interinstitutional negotiations assigns ESMA two new mandates to develop guidelines specifying circumstances where the name of an AIF or UCITS is deemed unclear, unfair, or misleading. 📅 Adoption Plans ESMA intends to adopt the Guidelines shortly after the amended legal texts come into force, incorporating the outcomes of the ongoing reviews. This statement serves to outline the key content that will be covered in the forthcoming Guidelines. ➡️ Next Steps Anticipated approval and publication of the Guidelines are expected in Q2 2024, contingent upon the publication timing of the AIFMD and UCITS Directive revised texts. Upon publication on the website in all EU official languages, the Guidelines will become applicable after three months. 📝 For managers of new funds, compliance with the Guidelines is expected from the date of application. Managers overseeing funds existing before the application date should ensure compliance within six months from the said date. Stay tuned for further updates as ESMA continues to shape the regulatory landscape for funds' nomenclature in the realm of ESG and sustainability. #ESMA #Guidelines #ESG #Sustainability #FinancialMarkets #Regulation #AIFMD #UCITSDirective #EUFinance #Compliance #InvestmentManagement #FinanceNews #AIF #alternativeinvestments

Approaching now quite quickly: #AIFMDII. With perhaps more changes than expected for fund managers and funds. For instance, AIFMD II contains amendments with respect to: - The composition of the board of a fund manager - Loan origination funds (with a very broad definition of loan origination) - Requirements regarding delegation, including reporting to the regulator on delegation arrangements - Extension of the permitted ancillary services - For open-ended funds: the liquidity management tools. Please find below a detailed overview of the changes that AIFMD II will bring 👇. And let us know if you have any questions!

The investment landscape is poised for a significant shift with the European Commission's latest communication on the draft Regulatory Technical Standards (RTS) for the European Long-Term Investment Fund (ELTIF) regime. With the #ELTIF 2.0 application date set for 10 January 2024, the Commission's intent to adopt the ESMA's draft RTS signals a pivotal moment for #fund managers and investors alike. Read in full here https://bit.ly/3TROEyZ #InvestmentTrends #FinanceEurope

Navigate the complexities of AIFMD and SFDR reporting in the EU! In their latest blog, Marc van Rijckevorsel, Alyson Yule, and Zach Milloy, and their team explore the critical aspects of investor and ESG compliance: https://okt.to/OavguC You’ll discover: ❇️ AIFMD Article 23 requirements: Comprehensive investor disclosures covering investment strategies, risks, and more. ❇️ SFDR's impact: New ESG reporting obligations, including fund categorisation and sustainability-related disclosures. ❇️ Challenges faced: Data collection from portfolio companies for SFDR compliance. Understanding these regulations is crucial for AIFMs looking to maintain compliance and transparency in the evolving EU financial landscape. 🟠 Get expert support as we collaborate with Paul Hastings for EU and UK marketing enquiries. #AIFMD #SFDR #AlternativeInvestments #ESGCompliance #EURegulation #FinancialServices #ESGReporting

Navigate the complexities of AIFMD and SFDR reporting in the EU! In their latest blog, Marc van Rijckevorsel, Alyson Yule, and Zach Milloy, and their team explore the critical aspects of investor and ESG compliance: https://okt.to/wNDfPK You’ll discover: ❇️ AIFMD Article 23 requirements: Comprehensive investor disclosures covering investment strategies, risks, and more. ❇️ SFDR's impact: New ESG reporting obligations, including fund categorisation and sustainability-related disclosures. ❇️ Challenges faced: Data collection from portfolio companies for SFDR compliance. Understanding these regulations is crucial for AIFMs looking to maintain compliance and transparency in the evolving EU financial landscape. 🟠 Get expert support as we collaborate with Paul Hastings for EU and UK marketing enquiries. #AIFMD #SFDR #AlternativeInvestments #ESGCompliance #EURegulation #FinancialServices #ESGReporting

Navigate the complexities of AIFMD and SFDR reporting in the EU! In their latest blog, Marc van Rijckevorsel, Alyson Yule, and Zach Milloy, and their team explore the critical aspects of investor and ESG compliance: https://okt.to/z4AJPL You’ll discover: ❇️ AIFMD Article 23 requirements: Comprehensive investor disclosures covering investment strategies, risks, and more. ❇️ SFDR's impact: New ESG reporting obligations, including fund categorisation and sustainability-related disclosures. ❇️ Challenges faced: Data collection from portfolio companies for SFDR compliance. Understanding these regulations is crucial for AIFMs looking to maintain compliance and transparency in the evolving EU financial landscape. 🟠 Get expert support as we collaborate with Paul Hastings for EU and UK marketing enquiries. #AIFMD #SFDR #AlternativeInvestments #ESGCompliance #EURegulation #FinancialServices #ESGReporting

Navigate the complexities of AIFMD and SFDR reporting in the EU! In their latest blog, Marc van Rijckevorsel, Alyson Yule, and Zach Milloy, and their team explore the critical aspects of investor and ESG compliance: https://okt.to/ZcrHx0 You’ll discover: ❇️ AIFMD Article 23 requirements: Comprehensive investor disclosures covering investment strategies, risks, and more. ❇️ SFDR's impact: New ESG reporting obligations, including fund categorisation and sustainability-related disclosures. ❇️ Challenges faced: Data collection from portfolio companies for SFDR compliance. Understanding these regulations is crucial for AIFMs looking to maintain compliance and transparency in the evolving EU financial landscape. 🟠 Get expert support as we collaborate with Paul Hastings for EU and UK marketing enquiries. #AIFMD #SFDR #AlternativeInvestments #ESGCompliance #EURegulation #FinancialServices #ESGReporting

Navigate the complexities of AIFMD and SFDR reporting in the EU! In their latest blog, Marc van Rijckevorsel, Alyson Yule, and Zach Milloy, and their team explore the critical aspects of investor and ESG compliance: https://okt.to/1R5O4K You’ll discover: ❇️ AIFMD Article 23 requirements: Comprehensive investor disclosures covering investment strategies, risks, and more. ❇️ SFDR's impact: New ESG reporting obligations, including fund categorisation and sustainability-related disclosures. ❇️ Challenges faced: Data collection from portfolio companies for SFDR compliance. Understanding these regulations is crucial for AIFMs looking to maintain compliance and transparency in the evolving EU financial landscape. 🟠 Get expert support as we collaborate with Paul Hastings for EU and UK marketing enquiries. #AIFMD #SFDR #AlternativeInvestments #ESGCompliance #EURegulation #FinancialServices #ESGReporting

Navigate the complexities of AIFMD and SFDR reporting in the EU! In their latest blog, Marc van Rijckevorsel, Alyson Yule, and Zach Milloy, and their team explore the critical aspects of investor and ESG compliance; https://okt.to/9tiwql You’ll discover: ❇️ AIFMD Article 23 requirements: Comprehensive investor disclosures covering investment strategies, risks, and more. ❇️ SFDR's impact: New ESG reporting obligations, including fund categorisation and sustainability-related disclosures. ❇️ Challenges faced: Data collection from portfolio companies for SFDR compliance. Understanding these regulations is crucial for AIFMs looking to maintain compliance and transparency in the evolving EU financial landscape. 🟠 Get expert support as we collaborate with Paul Hastings for EU and UK marketing enquiries. #AIFMD #SFDR #AlternativeInvestments #ESGCompliance #EURegulation #FinancialServices #ESGReporting