ESG: Regulations Summary

The ASEAN SRFS provides minimum disclosure and reporting requirements that can be consistently applied to collective investment schemes (CIS) in the region, and addresses the need for comparable, uniform, and transparent information disclosure to mitigate the risk of greenwashing, among other things. The new standards are consistent with the ASEAN Framework for Cross-Border Offering of Collective Investment Schemes (CIS Framework).They apply to local investment companies, including sub-funds of umbrella funds, and fund managers who want to qualify under the ASEAN SRFS and offer either locally or cross-border under the ASEAN CIS Framework, as well as CIS operators and foreign Sustainable and Responsible Funds who want to offer in the Philippines under the ASEAN CIS Framework.