Skip to content
Investment Funds and Securities Enforcement and Regulatory Update

SEC Proposes New ESG Disclosures for Investment Advisers and Funds

Share
The U.S. Securities and Exchange Commission (SEC or Commission) has proposed amendments to require specific disclosure of funds’ and investment advisers’ use of environmental, social and governance (ESG) factors as part of their investment decisions and strategies (the Proposal). The Proposal was adopted in a 3-1 vote on May 25, 2022, and applies at least in part to registered investment companies, business development companies (BDCs), and both registered and exempt reporting investment advisers. In a separate proposal adopted the same day, the Commission proposed changes to the Names Rule applicable to registered investment companies and BDCs, which are described in a separate Sidley Update.

Attorney Advertising—Sidley Austin LLP is a global law firm. Our addresses and contact information can be found at www.sidley.com/en/locations/offices.

Sidley provides this information as a service to clients and other friends for educational purposes only. It should not be construed or relied on as legal advice or to create a lawyer-client relationship. Readers should not act upon this information without seeking advice from professional advisers. Sidley and Sidley Austin refer to Sidley Austin LLP and affiliated partnerships as explained at www.sidley.com/disclaimer.

© Sidley Austin LLP

Contacts

If you have any questions regarding this Sidley Update, please contact the Sidley lawyer with whom you usually work, or