The EC is aiming to adopt this delegated act in late 2026, applying to in-scope entities in respect of financial year 2027.
Laura Houët, CMS
The PRA has issued a principles-based, proportionate framework of expectations for firms to manage climate-related financial risk.
The proposals address well-documented concerns about opacity, reliability, and independence in the ESG ratings market.
A holistic summary of the differences between the leaked version and this official version.
New measures applicable to UK‑located providers delivering ratings to any client globally and also overseas providers where ratings are made available to UK customers.
What’s changed and what it means for financial institutions.
If endorsed, the use of these standards in reporting would initially be voluntary, but may become mandatory.
Voluntary UK Stewardship Code is widely adopted in the asset management industry.