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Czech regulator rejects Esma’s ESG rules as Luxembourg warns of divergence

Summary by luxtimes.lu
The Czech National Bank (CNB) has announced that it will not comply with the European Securities and Markets Authority's (ESMA) new guidelines on naming environmental, social, and governance (ESG) and/or sustainable funds. The CNB argues that there is no clear legal basis for enforcing the provisions set out in the guidelines. It suggests that the guidelines would need a clearer legal foundation at the EU level to be enforceable
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Czech regulator rejects Esma’s ESG rules as Luxembourg warns of divergence

The Czech National Bank (CNB) has announced that it will not comply with the European Securities and Markets Authority's (ESMA) new guidelines on naming environmental, social, and governance (ESG) and/or sustainable funds. The CNB argues that there is no clear legal basis for enforcing the provisions set out in the guidelines. It suggests that the guidelines would need a clearer legal foundation at the EU level to be enforceable

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luxtimes.lu broke the news in on Thursday, April 3, 2025.
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Luxembourg, Luxembourg District

Luxembourg, Luxembourg District

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