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HoC European Scrutiny Committee asks about possible UK equivalent of Taxonomy Regulation

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Published on: 05 May 2020

Published by LNB News

LNB News 05/05/2020

Document Information

Issue Date: 05 May 2020

Published Date: 05 May 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The House of Commons (HoC) European Scrutiny Committee has published a letter from its chair, Sir William Cash, to the economic secretary to the Treasury, John Glen, regarding the proposed EU Regulation on the establishment of a framework to facilitate sustainable investment (the Taxonomy Regulation). Cash notes that the Taxonomy Regulation is not expected to apply to the UK due to Brexit but asks whether the government is considering establishing a similar legally binding sustainability taxonomy domestically for investment products.

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