FMA tackles green-washing
It has released a consultation paper on responsible investment products and is seeking feedback.
Nick Kynoch, FMA general counsel and acting co-head of capital markets, said there was a growing demand for sustainable or responsible investment products.
“In response, issuers and providers are now offering an increasing array of products. While the FMA supports the development of the market for these products, there are associated risks and issues, largely arising from the lack of common understanding of what makes an investment responsible.”
He said the FMA would eventually publish official guidance for the market on how to provide investors with a clear understanding of what they were being offered, and the risks involved.
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