ESG 1A.1 Application of ESG 2
- (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)
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
ICVC that is a UCITS scheme without a separate management company
Part B: Asset owners
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)
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.