CANADIAN SECURITIES REGULATORS PUBLISH GUIDANCE ON ESG-RELATED INVESTMENT FUND DISCLOSURE
The Canadian Securities Administrators (CSA) published guidance for investment funds on their disclosure practices that relate to environmental, social and governance (ESG) considerations, particularly funds whose investment objectives reference ESG factors and other funds that use ESG strategies (ESG-Related Funds).
This guidance is intended to help investment funds and their fund managers enhance the ESG-related aspects of the funds’ regulatory disclosure documents and ensure that sales communications of ESG-Related Funds are not untrue or misleading and are consistent with the funds’ regulatory offering documents.