FMA strengthens supervision: New rules for sustainable funds in Austria!

FMA strengthens supervision: New rules for sustainable funds in Austria!

The Austrian Financial Market Authority (FMA) currently provides information about significant changes in the regulation of investment funds. According to a report by the FMA ( ots.at ) Make sure that terms such as "green", "sustainable" or "ESG" in the fund name actually correspond to the investment guidelines. The new European directive of the European Securities and Market Authority (ESMA) stipulates that at least 80% of the funds invested must flow into projects that meet these sustainability criteria. This sets a clear sign against Greenwashing, which has so far only been regulated with a minimum value of 50%.

In addition to the new name guidelines, the FMA excludes companies from certain sectors of investments, including coal, oil and tobacco to protect the integrity of the funds. This development affects at least 223 funds in Austria with an managed capital of around 43 billion euros. The FMA has already provided specific Details about these changes with the publication of its publication "We are talking about supervision" and is aimed at the domestic fund companies to support their implementation.

important changes in the financial supervision