SLV ATVP ESG Terms in Fund Names


On Oct. 10, SLV ATVP adopted decision to follow ESMA guidelines.


  • SLV ATVP issued decision on application of ESMA guidelines on fund names containing terms related to environmental, social and management aspect or sustainability.
  • Follows ESMA Aug. 2024 published translations in all the official EU languages of its Guidelines on funds' names using ESG/sustainability-related terms, see #153820.
  • Guidelines
  • ESMA Guidelines on Fund Names that Include Terms Related to Environmental, Social, and Governance (ESG) or Sustainability Aspects define when names of investment funds containing terms re ESG or sustainability are unfair, unclear, or misleading.
  • Application
  • Guidelines apply to management companies as per Art 13 para 1 Investment funds and management companies Act and alternative investment fund managers as per the Alternative investment fund managers act Art 9 para 5, including managers of qualified venture capital funds, managers of qualified social entrepreneurship funds, and managers of European long-term investment funds.
  • Also to ATVP, when exercising supervisory powers/duties over aforementioned entities.
  • Effectiveness
  • Decision will enter into force on 15th day following publication in the Official Gazette.
  • However it will apply as from Nov. 21, 2024.

Regulators SLV ATVP
Entity Types HF; IA; Inv Co
Reference PR, 10/10/2024; ESMA34-1592494965-657; ESG
Functions Compliance; C-Suite; Environment; Product Design; Social
Countries Slovenia
Category
State
Products Commodities; Fund Mgt; Hedge Funds; Mutual Funds
Regions EMEA
Rule Type Final
Rule Date 10/10/2024
Effective Date 11/21/2024
Rule Id 229797
Linked to Rule :153820
Reg. Last Update 10/10/2024
Report Section EU

Last substantive update on 10/17/2024