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    HomeGreen FinanceSustainable InvestingESG Regulation Monthly Round-Up November 2022 | Hogan Lovells

    ESG Regulation Monthly Round-Up November 2022 | Hogan Lovells

    UK developments

    FCA announces new ESG data and ratings Code of Conduct working group

    On 22 November 2022, the FCA announced the formation of a new working group to develop a voluntary Code of Conduct for ESG data and rating providers.

    A key aim of the working group will be to identify and establish industry-led solutions relating to financial services firms’ use of third-party ESG data and rating services. In addition, it will also support the FCA’s ESG Strategy by promoting the rapid development of best practices on transparency, governance, systems and controls, and management of conflicts of interest. The new Code of Conduct will seek to be internationally consistent by taking account of IOSCO’s recommendations, its recently released Call to Action published on 7 November 2022, and considering developments in other jurisdictions.

    For further information regarding the Code of…

    Read the full article originally published at news.google.com.

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