In late March, the European Banking Authority (EBA) published a consultation paper on draft regulatory technical standards (RTS) on disclosure of investment policy by investment firms.[1] The draft RTS are meant to gather from investment firms disclosures designed to help stakeholders...
On 10 May 2021, the Hong Kong Securities and Futures Commission (SFC) released the proposed revisions to its 2019 Circular on green or ESG funds[1] (Draft Revised Circular). The SFC intends to update the 2019 Circular and enhance the scope and the disclosure requirements on ESG funds...
In March, the European Commission launched a consultation on supervisory convergence and the single rule book, seeking feedback by May 21. Input to the consultation will feed into the preparation of a report required by the Capital Markets Union, which will also cover the review...
The IFRS Foundation recently released proposed amendments to its constitution to accommodate the creation of the International Sustainability Standards Board (ISSB or Board) to develop international sustainability reporting standards.
Yesterday, we submitted a response (attached) to a consultation by the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) on proposed regulatory technical standards (RTS) under the Sustainable Finance Disclosure Regulation (SFDR) for taxonomy-related disclosures for...
We wanted to inform you about a recent development related to Executive Order 13959. As a reminder, President Trump on November 12, 2020, issued Executive Order 13959 prohibiting by any US person "any transaction in publicly traded securities, or any securities that are derivative of...
On May 6, we sent the attached letter to the Director of the Office of Foreign Assets Control (OFAC), Andrea Gacki, requesting that OFAC address the harmful effects of the implementation of Executive Order 13959 (Order) related to unlisted subsidiaries of entities publicly listed as...
On March 18, 2021, the US Securities and Exchange Commission (SEC or Commission) adopted interim final form amendments to implement the disclosure and submission requirements of the Holding Foreign Companies Accountable Act (HFCA Act), which go into effect on May 5, 2021. The SEC...
