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It’s Not Easy Being Green[1] : Bringing Transparency And Accountability To Sustainable Investing, SEC Commissioner Allison Herren Lee, May 25, 2022

Date 25/05/2022

I am pleased to support today’s proposal to bring greater transparency and accountability to sustainable investing. There has been explosive growth in investor interest and demand around such investments, both domestically and internationally. With that increasing demand comes increasing need for consistent, comparable, and reliable information – information to help protect investors from “greenwashing,” or exaggerated or false claims about ESG practices. Greenwashing can mislead investors as to the true risks, rewards, and pricing of investment assets.
What’s In A Name? Aligning Fund Names With Investor Expectations, SEC Commissioner Allison Herren Lee, May 25, 2022

Date 25/05/2022

Today, the Commission draws on more than two decades of experience analyzing fund names and considering how certain names may mislead investors about a fund’s investment focus, potentially resulting in misallocations of capital. Today’s proposal would modernize the existing “Names Rule” in light of current fund practices, enhance consistency of the rule’s application across funds, and provide key safeguards for investors. Fund names, as with any type of branding, provide a critical means by which sponsors market their funds and convey information to investors, and today’s proposal recognizes that investors may often rely on fund names in deciding where to invest their savings. I’m pleased to support today’s proposal which would bring meaningful improvements in aligning investor expectations and understanding with a fund’s actual focus and the strategies it pursues.
Statement On Proposed Rule Requiring Enhanced Disclosure By Certain Investment Advisers And Investment Companies On ESG Investment Practices, SEC Commissioner Caroline A. Crenshaw, May 25, 2022

Date 25/05/2022

The role of Environmental, Social, and Governance issues – or “ESG” – in investing has undeniably changed over time. Investor demand for products and strategies that take into account ESG factors has increased dramatically over the past decade. And, the asset management industry has responded to meet that demand.
A Rose By Any Other Name: Statement on Proposed Amendments To The Names Rule, SEC Commissioner Caroline A. Crenshaw, May 25, 2022

Date 25/05/2022

As the saying goes – you should mean what you say, and say what you mean. In some ways, this simple refrain summarizes the backbone of our disclosure regime and the impetus behind the Names Rule and today’s proposed amendments to that rule.
Statement On Investment Company Names, SEC Commissioner Hester M. Peirce, May 25, 2022

Date 25/05/2022

Thank you, Mr. Chair, and thank you to the staff in the Divisions of Investment Management and Economic and Risk Analysis, and the Office of the General Counsel, and to others at the Commission who worked on this proposal. Thank you for meeting demanding deadlines under considerable pressure and for fielding my many questions with unwavering professionalism. Despite my admiration for the effort that went into this initiative and my appreciation for some of the motivating concerns, I cannot support today’s proposed amendments to the Names Rule.

SEC Proposes To Enhance Disclosures By Certain Investment Advisers And Investment Companies About ESG Investment Practices

Date 25/05/2022

The Securities and Exchange Commission today proposed amendments to rules and reporting forms to promote consistent, comparable, and reliable information for investors concerning funds’ and advisers’ incorporation of environmental, social, and governance (ESG) factors. The proposed changes would apply to certain registered investment advisers, advisers exempt from registration, registered investment companies, and business development companies.
US Office Of The Comptroller Of The Currency Issues Third And Fourth Quarter 2022 CRA Evaluation Schedule

Date 25/05/2022

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third and fourth quarters of 2022.
Statement On Proposed Updates To Names Rule, SEC Chair Gary Gensler, May 25, 2022

Date 25/05/2022

Today, the Commission is considering a proposal to update the Names Rule. I am pleased to support this proposal because, if adopted, it would modernize this key rule for today’s markets and enhance the transparency of the asset management field.
ISDA Response To METI’s Consultation On Carbon Credit Report

Date 25/05/2022

On May 13, 2022, ISDA submitted its response to Japan’s Ministry of Economy, Trade and Industry’s (METI) consultation on its carbon credit report. In its response, ISDA highlights the important role derivatives and financial institutions play in the carbon credit markets by increasing liquidity and transparency. ISDA also notes it is important to clarify the legal nature of voluntary carbon credits (VCC) to enhance the robustness of the VCC trading market.
Statement On ESG Disclosures Proposal, SEC Chair Gary Gensler, May 25, 2022

Date 25/05/2022

Today, the Commission is considering a proposal to improve disclosures by certain investment advisers and funds that purport to take Environmental, Social, and Governance (ESG) factors into consideration when making investing decisions. I am pleased to support this proposal because, if adopted, it would establish disclosure requirements for funds and advisers that market themselves as having an ESG focus.