PRM 4.6 Disclosure of climate-related information

For the purposes of PRM 4.6.2R, an issuer does not include an issuer:

(1) who is a closed-ended investment fund;

(2) who is an open-ended investment company; or

(3) whose:

      (a) assets consist solely or predominately of cash or short-dated securities; or

      (b) predominant purpose or objective is to undertake an acquisition or merger, or a series of acquisitions or mergers.

Where an issuer of transferable securities that are equity securities or depositary receipts issued over shares has identified:

(1) climate-related risks that are material risk factors in accordance with PRM 4.5.1R; or

(2) climate-related opportunities that are material to the prospects of the issuer, in accordance with regulation 23(1) of the Public Offers and Admissions to Trading Regulations,

the issuer must provide further supporting information regarding that risk or opportunity, in a registration document or a universal registration document.

Where an issuer is required to provide further supporting information under PRM 4.6.2R, the information is specified in:

(1) PRM App 2 Annex 1.5R Item 5.8 for a registration document for equity securities;

(2) PRM App 2 Annex 2.1R Item 1.1 (which cross references PRM App 2 Annex 1 including Item 5.8) for a universal registration document; or

(3) PRM App 2 Annex 5.1R for a registration document for depositary receipts issued over shares, which cross references PRM App 2 Annex 1 including Item 5.8.   

(1) In complying with PRM 4.6.2R and PRM 4.6.3R, the materials in (2) may be of assistance in identifying:

     (a) the risks and opportunities that are material to an investor; and

     (b) the relevant supporting information to be disclosed.

(2) The materials referred to in (1) are:

     (a) TCFD Recommendations and Recommended Disclosures; and

     (b) IFRS S2 (the International Financial Reporting Standard S2 Climate-related Disclosures, published on 26 June 2023).

[Note: https://www.ifrs.org/issued-standards/ifrs-sustainability-standards-navigator/ifrs-s2-climate-related-disclosures/]