Regulation Amending The Benchmarks Regulation Published

Please see below for more detail on the main amendments to the Benchmarks Regulation introduced by the Amending Regulation and first described in our newsflash published on 15 April 2019:

Introduction of new regimes for EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks. The two new regimes aim at creating reliable and easily recognisable labels for environmentally aware investors across the EU with the goal of promoting investments in environmentally responsible companies and environmentally friendly technologies. These new regimes should thus ultimately contribute to the implementation of the UN Paris Agreement on climate change and help to avoid greenwashing. Together with the sustainability-related disclosures introduced for the broader financial services community by the Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability‐related disclosures in the financial services sector, published on the same day and described in a separate newsflash dated 12 December 2019, these new regimes are part of a broader action plan of the European Commission on sustainable finance specifically aiming to: reorient capital flows towards sustainable investment in order to achieve sustainable and inclusive growth; manage financial risks stemming...

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