PCAOB to inspect Chinese audit firms for first time


December 22, 2022

Chinese companies will come under the scrutiny of the Public Company Accounting Oversight Board (PCAOB) for the first time on the back of new Congressional legislation.…

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Sustainable Stewardship Greenwashing

Companies’ disclosures remain inconsistent with TCFD standards 

December 15th, 2022


Companies are failing to comply with the standards of the Taskforce on Climate-related Financial Disclosures (TCFD), the UK’s regulatory watchdog has found. 

The latest review by the Financial Conduct Authority …

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ESG

UK govt launches ESG ratings consultation

December 14, 2022

ESG rating providers may soon be brought within the regulatory remit of the Financial Conduct Authority (FCA) by the UK government in the first quarter of 2023.

A consultation on regulating …

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legal action

Anti-SLAPP action proposed by UK government


December 6th, 2022

Legislative reforms to tackle the increased use of strategic litigation against public participation (SLAPP) cases against journalists and watchdogs have been proposed by the UK government.

The new legislation will prevent …

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The EU Sustainable Finance Platform: Where are the owners?

EU Council directive strengthens cybersecurity measures 


November 30, 2022

New standardised ‘high level’ cybersecurity rules are being proposed for the EU by the European Council, which will bring more firms under this regulatory reach.  

Called NIS2, this new directive

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FCA

FCA starts development of ESG rating providers’ code of conduct


November 24, 2022

A Financial Conduct Authority (FCA) taskforce has been formed to help regulate ESG data and ratings providers.

The working group will be co-chaired by M&G, Moody’s, London …

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DoL, Department of Labor

DOL final rule allows fiduciaries to consider ESG factors 


November 23, 2022

The US Department of Labor (DOL) has issued a final rule to replace controversial regulation regarding inclusion of ESG investments in pension plans. 

The Prudence and Loyalty …

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ESMA pulls back from ESG legislation for rating agency methodology

Europe’s biggest regulators launch greenwashing study 


November 22, 2022

A major greenwashing study has been launched by three of Europe’s most powerful financial regulatory bodies. 

The study is currently built around a call for evidence aimed at gathering information …

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USCC. US Chamber of Commerce website

Lobbying giant calls for SEC disclosure on proxy rules error


November 11, 2022

America’s biggest business lobbying group is calling for answers on how a computer glitch affected a public consultation on rules regulating how proxy firms advise investors on …

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SEC forms climate and ESG taskforce

SEC enforces say on pay rules for proxy voting records


November 3, 2022

Wall Street’s top regulator, the Securities and Exchange Commission (SEC), has confirmed new rules relating to how investment funds report their proxy votes.

In a move aimed …

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