Knowledge Base

← Non-Financial Approaches in Asset Management

Questions

What is the penalty for a foreign fund that does not comply with ESG communication requirements under the AMF?

A fine of €40,000
A warning in highly visible characters
Exclusion from French financial markets
A mandatory restructuring within 3 months

What is the minimum percentage of assets that must be invested according to ESG criteria for a fund using ESG terms in its name under the ESMA guidelines of November 21, 2024?

50%
60%
70%
80%

What is the consequence for a fund that does not meet the standards of the significantly engaging approach under the AMF doctrine?

It may use ESG terms in its name without restriction.
It must display a warning about disproportionate communication.
It may not mention ESG criteria in the KID or in marketing documentation.
It is automatically classified as Article 6 under SFDR.

Under the AMF doctrine, what is the minimum ESG analysis threshold required for a fund using a significantly engaging approach?

75%
80%
90%
100%

The mere exclusion of non-cooperative tax jurisdictions constitutes a significant approach within the meaning of the AMF.

True
False

Greenwashing

Click to see answer

Funds classified as Article 9 under SFDR must implement significantly engaging approaches within the meaning of the AMF doctrine.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

20% reduction of the investable universe
Exclusion of non-cooperative tax jurisdictions
Improvement of the ESG rating compared to the universe after excluding the bottom 20%
Consideration of all three E, S, and G pillars
Categories:

Essential criterion for a significant approach

Criterion not sufficient for a significant approach