International Content

On June 9, 2023, the China Securities Regulatory Commission (CSRC) launched a public consultation on the rules governing public fund investment advisory activities, which is currently conducted under a pilot scheme introduced in October 2019. Under the pilot scheme, eligible fund...

On June 13, 2023, the European Commission published a proposal for a regulation on ESG ratings providers ("Proposal") as part of a new sustainable finance package. The Proposal will now go through the ordinary legislative procedure whereby the European Parliament and Council will...

The International Organization of Securities Commissions last month published a report providing a set of good practices to supplement and implement their 2013 principles for the regulation of exchange-traded funds (ETFs) ("ETF Principles").The good practices highlight issues for...

ICI Global coordinated the twelve national, regional, and global industry associations that made a submission to the Australian Government addressing substantial concerns with a draft proposal to require multinational tax transparency through public country-by-country (CbC) reporting.

On 1 June 2023, the European Supervisory Authorities (ESAs) published their progress reports on the monitoring and supervision of greenwashing, in which they put forward a common definition of greenwashing applicable to market participants across their respective remits – financial...

The Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Market Infrastructure (CPMI), and the International Organization of Securities Commissions (IOSCO) (collectively, the "regulators") recently published a report analyzing margin dynamics in centrally...

On April 12, 2023, the European Supervisory Authorities (ESAs) released a consultation paper seeking feedback on amendments to the Regulatory Technical Standards (RTS) under the Sustainable Finance Disclosure Regulation (SFDR). The consultation is in response to a mandate from the...

On March 31, 2023, the Japan Financial Services Agency (FSA) finalized amendments to the supervisory guidelines for financial business operators related to ESG Investment Trusts and ESG integration. These revisions provide regulatory guidance on the disclosures and conduct of ESG...

On April 14, 2023, the Stock Exchange of Hong Kong Limited (HKEX) released a consultation paper seeking feedback on mandatory climate disclosure requirements for all Hong Kong-listed issuers. HKEX proposes to transition its current "comply-or-explain" climate disclosure provisions to...

On March 30, 2023, the HM Treasury released a consultation paper seeking feedback on the initial scope of a potential regulatory regime for ESG ratings providers. The HM Treasury intends to bring ESG ratings providers into the regulatory perimeter, under the oversight of the Financial...