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ESG 1A.1 Application of ESG 2

ESG 1A.1.1R
  1. (1)

    1The rules in ESG 2 apply to a firm of a type listed in column 1 of the table at ESG 1A.1.1R(2) in relation to the TCFD in-scope business carried out from an establishment maintained by it in the United Kingdom as described in column 2.

  2. (2)

    This table belongs to ESG 1A.1.1R(1).

    Column 1: type of firm

    Column 2: TCFD in-scope business

    Part A: Asset managers

    Any firm

    Portfolio management

    UK UCITS management company

    Managing a UK UCITS

    ICVC that is a UCITS scheme without a separate management company

    Managing a UK UCITS

    Full-scope UK AIFM

    Managing an AIF

    Small authorised UK AIF

    Managing an AIF

    Part B: Asset owners

    Insurer or pure reinsurer

    Providing insurance-based investment products

    Operating a personal pension scheme (excluding a SIPP) or stakeholder pension scheme

    Operating a SIPP, but only in relation to SIPPs containing insurance-based investment products provided by the firm

    Other asset owners (other than insurers or pure reinsurers)

    Operating a personal pension scheme (excluding a SIPP) or stakeholder pension scheme

    Operating a SIPP, but only in relation to SIPPs containing any of the following provided by the firm:

    (a)

    a unit

    (b)

    an interest in a closed-ended investment fund

    (c)

    a pre-set investment portfolio
ESG 1A.1.2R

1A firm is exempt from the disclosure requirements under ESG 2 if and for as long as the assets under administration or management in relation to its TCFD in-scope business amount to less than £5bn calculated as a 3-year rolling average on an annual assessment.