The US Impact Investing Alliance urges DOL to rethink ESG law

US investor group urges DOL to rethink ESG law

The US Impact Investing Alliance has urged the Department of Labor to reconsider the introduction of a controversial law governing ESG in investment portfolios, asking them to suspend the rulemaking process until normality returns. 

The group has written …

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Minerva welcomes PLSA's implementation Statement Guidance

PLSA launches ESG implementation guide for UK pensions

The Pensions and Lifetime Savings Association (PLSA) has published guidance to help pension trustees navigate new regulatory requirements around the public disclosure of their responsible investment activity.

The association’s Implementation Statement Guidance

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SEC ignores investor objections to implement new proxy rules

SEC ignores investor objections to implement new proxy rules

Despite claims from some of the world’s largest investors that moves to impose new proxy voting regulations would increase costs, the US financial regulator has pressed ahead with a series of

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Spanish “loyalty shares” draw central bank criticism

Spanish “loyalty shares” draw central bank criticism

The Bank of Spain has emerged as part of almost unanimous opposition to its government’s proposed introduction of so-called loyalty shares for listed companies.  

According to El Pais, in its response to a consultation on a new securities and …

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UK steps closer to SRD II adoption

Proxy vote confirmations one step closer as UK publishes SRDII implementation plans

The UK government has published the full text of its planned Shareholder Rights Directive (SRD II) legislation as it moves closer to bringing the new rules into law. 

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SEC Commissioner Elad Roisman

SEC commissioner Elad Roisman, one of the four leading officials at the US regulator, has called for ESG labelling from fund groups to be made clearer. 

However, at the same time Roisman is wary about more “prescriptive” ESG disclosure requirements being introduced for …

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Proxy firms targeted in Canadian regulatory overhaul

Canada proposes proxy system overhaul

The role of proxy advisory firms and proxy plumbing in Canada could be set for a fundamental overhaul, following the publication of findings by the Capital Markets Modernisation Taskforce (CMMT). 

In a wide-ranging remit, the taskforce has made

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Senators demand breathing space for US investors on ESG restriction

Investors could get more time to pore over a controversial new Department of Labor (DOL) rule that could have severe negative implications for US ESG investing, after two Democratic lawmakers have stepped in.

As it stands, the public have just …

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EU Flags in front of the European Commission

The European Commission has officially mandated the European Financial Reporting Advisory Group (EFRAG) to provide recommendations for updating non-financial reporting standards.

In an open letter, European Commission Executive Vice President Valdis Dombrovskis issued a request for technical advice to EFRAG …

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US business lobbies press for laws on boardroom diversity

Greek companies will soon be mandated to meet a 25% female quota on their boards following a landmark decision for gender diversity.

The quota requirement has been included as an amendment to the bill transposing the EU Shareholder Rights Directive …

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