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.
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."
