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SEC won't charge top funds over climate but warns on disclosure
Original: US SEC will not charge top funds over climate concerns but warns of disclosure obligations
The US Securities and Exchange Commission says it will not bring charges against major funds over climate-related concerns, but is warning them to meet their disclosure obligations. The decision, reported by Reuters, spares prominent asset managers from enforcement action while signalling that regulators still expect accurate reporting on climate risks in fund disclosures.
Why now: Regulators are under intense scrutiny over how they handle climate rules for the financial sector.
US Securities and Exchange Commission
Evidence
- US SEC will not charge top funds over climate concerns but warns of disclosure obligations · Reuters
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