Legal & Regulatory News

  • 20 April 2023
    Minor amendments to SLLP and SLLP, GLP and SLP guidance documents

    On 20 April 2023, the following minor amendments were made to the below documents:


    Sustainability-Linked Loan Principles (SLLP)

    SLLP Guidance

    Green Loan Principles (GLP) Guidance

    Social Loan Principles (SLP) Guidance

  • 03 April 2023
    OECD members agree to EU initiative to modernise export credits

    On 3 April 2023, it was announced that member countries of the Organisation for Economic Cooperation and Development (OECD) agreed in principle on an EU initiative to modernise export credit rules to better support the green transition. This follows several years of negotiation.

  • 29 March 2023
    LMA, LSTA and APLMA release a summary of the changes made to the Guidance on the Green and Social Loan Principles

    We are delighted to share the second in a series of two guidance notes, summarising the changes made in the recent updates to the Green Loan Principles (GLP), Social Loan Principles (SLP) and Sustainability-Linked Loan Principles. In this note, we share a non-exhaustive summary of the changes made to the GLP and SLP as well as their accompanying guidance documents.

  • 14 March 2023
    LMA, LSTA and APLMA release a summary of the changes made to the Guidance on the Sustainability-Linked Loan Principles

    Following the release of the updated Green Loan Principles, Social Loan Principles and Sustainability-Linked Loan Principles (SLLP) at the end February, we (the LMA) are pleased to share the first of two guidance notes summarising the main changes made.

    In this first note, we are pleased to provide a non-exhaustive summary of the amends to the Guidance on SLLPs. A similar summary of the Green Loan Principles and Social Loan Principles (and related Guidance) will follow in a subsequent alert.

  • 28 February 2023
    UK Competitions and Markets Authority release consultation on draft guidance for the application of competition rules to environmental sustainability collaboration

    On 28 February 2023, the UK Competitions and Market Authority (CMA) published a draft guidance (the Guidance) document for UK corporates wishing to collaborate on environmental sustainability with industry peers without fear of breaching existing competition laws.

  • 28 February 2023
    EU negotiators announce provisional agreement reached on European Green Bond Standard

    On 28 February 2023, the European Parliament and the European Council reached a provisional agreement on the introduction of the European Green Bond Standard (EU GBS).

    The EU GBS will be a voluntary standard to help scale up and raise the environmental ambition of the EU green bond market. 

  • 23 February 2023
    GTAG releases report on promoting the international interoperability of a UK green taxonomy

    On 23 February 2023, the UK's Green Technical Advisory Group (the GTAG), a group of leading financial industry experts advising the UK Government on the design and implementation of a UK green taxonomy, released a report looking at promoting the interoperability of any future UK green taxonomy.

  • 17 February 2023
    European Banking Federation releases proposals for an EU framework for financing the green transition

    On 17 February 2023, the European Banking Federation (EBF) published its proposals on a transition finance framework at an EU level (the Framework).

    The EBF notes that common transition plan structures may help to encourage the development of new financial products by banks and may enable and incentivise the financing of companies that require capital to improve the environmental performance of their activities.

  • 17 February 2023
    Delegated Regulation amending SFDR RTS comes into force

    On 17 February 2023, Commission Delegated Regulation (EU) 2023/363 (the Delegated Regulation), which amends and corrects certain regulatory technical standards (RTS) in relation to the Sustainable Finance Disclosure Regulation (SFDR), was published in the Official Journal of the European Union.

  • 17 February 2023
    ISSB announces the go-live date for its first two sustainability reporting standards

    On 17 February 2023, at a meeting in Montreal, the International Sustainability Standards Board (ISSB) agreed that its initial IFRS Sustainability Disclosure Standards, S1 and S2, will become effective starting January 2024. Given that sustainability disclosure is new for many companies globally, the ISSB will introduce programmes that support those applying its Standards as market infrastructure and capacity is built.