Canadian securities regulators publish updated guidance on ESG-related investment fund disclosure

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Summary:

The Canadian Securities Administrators (CSA) have published updated guidance for investment funds on disclosure practices related to environmental, social, and governance (ESG) matters. The revised notice sets out different levels of disclosure expectations for funds that consider ESG factors in their investment process, and covers areas such as investment objectives, fund names, investment strategies, risk disclosure, continuous disclosure, and sales communications. The guidance aims to bring clarity and consistency to ESG-related fund disclosure, helping investors make informed investment decisions.