The Managed Funds Association and the Alternative Investment Management Association (collectively, the "Associations") advocated for IOSCO and global securities regulators to impose standardized environmental, social and governance ("ESG") disclosure requirements on issuers.
The Associations also urged IOSCO to adopt a "framework" for investment managers to use to supply clients or prospective clients with general information as to what the composition of a fund or portfolio managed by those investment managers might look like. The Associations were opposed to any requirement that advisers incorporate an ESG element in their decision-making, saying that such decisions should be left to investors.
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