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ESMA_QA_2734
Topic
Funds’ names
17/12/2025
Subject Matter
Exclusion related to UNGC/OECD Guidelines
Question
For the purposes of applying the exclusions in the Guidelines, how should fund managers apply the exclusion referred to in Article 12(1)(c) of Commission Delegated Regulation (EU) 2020/1818 (i.e. “companies that benchmark administrators find in violation of the United Nations Global Compact (UNGC) principles or the Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises”)?
Level 1 Regulation
Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU
ESMA_QA_2733
Topic
Funds’ names
17/12/2025
Subject Matter
Exclusion related to UNGC/OECD Guidelines
Question
For the purposes of applying the exclusions in the Guidelines, how should fund managers apply the exclusion referred to in Article 12(1)(c) of Commission Delegated Regulation (EU) 2020/1818 (i.e. “companies that benchmark administrators find in violation of the United Nations Global Compact (UNGC) principles or the Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises”)?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_2719
Topic
Disclosures to users of ESG ratings, rated items and issuers of rated items
11/12/2025
Subject Matter
Applicability of pre-notification to existing ratings
Question
Q6 – Applicability of pre-notification to existing ratings
Level 1 Regulation
ESGR - Regulation (EU) 2024/3005
ESMA_QA_2718
Topic
Disclosures to users of ESG ratings, rated items and issuers of rated items
11/12/2025
Subject Matter
Contacting EU and non-EU sovereign issuers
Question
Q5 – Contacting EU and non-EU sovereign issuers
Level 1 Regulation
ESGR - Regulation (EU) 2024/3005
ESMA_QA_2717
Topic
Disclosures to users of ESG ratings, rated items and issuers of rated items
11/12/2025
Subject Matter
Acceptable methods of contacting issuers
Question
Q4 – Acceptable methods of contacting issuers
Level 1 Regulation
ESGR - Regulation (EU) 2024/3005