Consob has ordered to be blacked out the following websites:
- “Bcs-gm” (website https://bcs-gm.com and related page https://my.bcs-gm.com);
- “Sigma Capital” (website https://sigmacap.co);
- “Capitalpartners24” (website https://capitalpartners24.eu);
- “SEGUROFX” (website https://segurofx.com and related page https://my.segurofx.com);
- “Mestieriplaza” (website www.mestieriplaza.com).
The number of websites blacked out since July 2019 has thus risen to 1084.
This exploratory phase will provide the Eurosystem with insights into how the TARGET Services and distributed ledger technology (DLT) platforms could interact and into the potential merits of using new technologies in wholesale financial markets.
The objective of the Guidelines is to ensure that investors are protected against unsubstantiated or exaggerated sustainability claims in fund names, and to provide asset managers with clear and measurable criteria to assess their ability to use ESG or sustainability-related terms in fund names.
The Guidelines establish that to be able to use these terms, a minimum threshold of 80% of investments should be used to meet environmental, social characteristics or sustainable investment objectives. The Guidelines also apply exclusion criteria for different terms used in fund names:
- “Environmental”, “Impact” and “sustainability”-related terms: exclusions according to the rules applicable to Paris-aligned Benchmarks (PAB); and
- “Transition, “Social” and “Governance”-related terms: exclusions according to the rules applicable to Climate Transition Benchmarks (CTB).
In cases of a combination of terms, use of transition, sustainability- and impact-related terms, and for funds designating an index as a reference benchmark, further criteria are specified in the Guidelines.
