Notice - Consultation Paper - Framework Enhancements Introducing Sustainability Disclosures and Prohibition on the Use of Misleading Fund Names (2025-09-02)

Summary

This notice announces that the Bermuda Monetary Authority (BMA) has published a Consultation Paper proposing amendments to the investment fund regulatory framework. The proposals would introduce sustainability disclosure requirements and prohibit misleading fund names for Bermuda-registered and authorised funds. This is a consultation only; no rules have yet been finalised.

• Sustainability disclosures: Funds that claim to be 'sustainable' or to pursue sustainable investment strategies would be required to provide additional disclosures, including material sustainability risk disclosures, in fund offering documents.
• Misleading names prohibition: Bermuda-registered and authorised funds would be prohibited from using misleading names, formalising existing BMA supervisory practice.
• Consultation process: Stakeholders are invited to submit feedback on the Consultation Paper to policy@bma.bm.

No obligations are currently in force; the notice is soliciting industry comment before any rule changes are adopted.

Key obligations

• Stakeholders wishing to comment must send feedback to policy@bma.bm no later than close of business on 25 November 2025

Applies to

Bermuda-registered and authorised investment funds

Deadlines

• 25 November 2025: Deadline for stakeholders to submit comments on the Consultation Paper to policy@bma.bm