european court of auditors, luxembourg

Auditors criticise EU and ESMA over funds market regulation


February 25, 2022

EU-based investors are still at risk of incurring “undue costs” or “biased advice” despite the development of the single market for investment funds, according to a new report

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Canada, Parliament

Canada delays sustainability standards board


January 21, 2022

Canada’s consultation on its new sustainability standards board has extended its deadline until March, 2022. Last November Canada became the latest country to pursue its own sustainability reporting standards after it announced …

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Australia, Parliament, JobKeeper

Australia pushes ahead with proxy reforms


January 7, 2022

The Australian government has introduced a new regulation to reform proxy voting advice services.

The reforms extend the country’s financial services licensing regime to cover a broader range of proxy adviser …

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nuclear, power plant

EU taxonomy plan for nuclear sparks controversy


January 07, 2022

The European Commission is in talks to classify nuclear energy and gas as green investments in its new sustainable taxonomy.

The decision has caused consternation among member states, particularly in …

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Canadian Prime Minister, Justin Trudeau

Canadian PM calls on ministers to push for climate disclosures


December 24, 2021

Canadian Prime Minister Justin Trudeau has written to his finance and environment cabinet ministers urging them to push for mandatory climate-related financial disclosures.

The PM outlined a …

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climate risks

FCA unveils final rules on TCFD requirements


December 24, 2021

The Financial Conduct Authority (FCA) has published a set of final rules requiring investment managers, pension funds, life insurers and publicly listed companies to provide disclosures aligned to the Taskforce …

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FCA Sustainability

FCA finalises UK listing rule changes


December 10, 2021

The UK will introduce new dual share class structures and raise the minimum market capitalisation threshold to £30 million under fresh amendments to the country’s listing rules.

The changes were announced

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ESMA pulls back from ESG legislation for rating agency methodology

EU looks to address ESG data gaps


November 26, 2021

The European Union is preparing a “single access point” for financial and sustainability data, according to leaked documents.

It has been reported that the EU wants to give investors “seamless …

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Votes, voting

SEC approves proxy voting rule changes


November 19, 2021

The US Securities and Exchange Commission (SEC) has approved several amendments to proxy voting rules to address concerns about the impairment of advice quality.

The new rules follow the ‘Sunshine Act …

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COVID-19 Capital and Pay Response

UK launches ambitious net zero financial centre


12 November, 2021

The UK government has set a plan to become a leading global “net zero-aligned financial centre”, with aims to establish rules and financing for ambitious climate-related projects.

Chancellor Rishi Sunak …

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