1/28/2024 0 Comments Benchmark email review![]() ![]() specific disclosure requirements regarding climate benchmark methodologies.ĮSMA has not set out any specific concerns regarding ESG benchmark disclosures currently available in the market.disclosure of ESG factors in the benchmark statement and in the benchmark methodology and.ESMA will assess the compliance of such benchmark administrators with the mandatory disclosure requirements for ESG benchmarks under the EU BMR, which will include: ![]() The scope of the review will include both EU and third-country supervised benchmark administrators that have obtained authorisation, registration, recognition, or endorsement of their benchmarks under the EU BMR. As part of the CSA, ESMA and the NCAs will share knowledge and experience to harmonise how they supervise ESG disclosure requirements for benchmark administrators. The CSA is the first that ESMA will conduct since it assumed its direct supervisory role under the EU BMR. Along with National Competent Authorities (NCAs), ESMA plans to review the mandatory disclosures of benchmark administrators providing benchmarks that pursue ESG objectives under the EU Benchmarks Regulation (EU BMR). On 13 December 2023, the European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, announced its plans to launch a Common Supervisory Action (CSA). Benchmark administrators should review the quality of their ESG benchmark disclosures ahead of a review by EU regulators during 2024. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |