On 28 November 2023, the UK’s Financial Conduct Authority (FCA) published its Policy Statement (PS23/16) ‘Sustainability Disclosure Requirements (SDR) and Investment Labels’. The FCA states that PS23/16 contains its final rules and guidance to, amongst other things, improve trust and transpa...
This article explores the UK Financial Conduct Authority's new Sustainability Disclosure Requirements and investment labels regime, highlighting associated fraud risks and compliance measures for in-scope firms.
As the FCA states in the Policy Statement, the Sustainability Mixed Goals category will create a place within the labelling regime for “products invested in a mix of assets that are already sustainable, have the potential to improve their sustainability over time, and/...
Sustainability disclosure requirements. The FCA emphasised its continued efforts on the new UK disclosure and labelling regime, recognising investor interest and the importance of the agenda globally. Fund tokenisation. The FCA mentioned its focus on innovation and its role as observers to the Technolo...
The FCA’s proposals were published in an October 2022Consultation Paper on Sustainability Disclosure Requirements and investment labels(Consultation Paper), following a November 2021 discussion paper (Discussion Paper), which outlined a regime of classification, labelling and disclosures for sustainable inve...
On 28 November 2023, the UK’s Financial Conduct Authority (FCA) unveiled itsPolicy StatementPS 23/16 (Policy Statement), which sets out the final rules for sustainability disclosure and investment labels (SDR Rules). The market has been anticipating this development since the FCA released its ...
The Sustainability Disclosure Requirements ("SDR") remain a key commitment. The SDR will provide a streamlined and enhanced disclosure framework for sustainability reporting for business, the financial sector, and investment products. A central part of the SDR will be alignment with the climate-related...
On 23 April 2024, the FCA released two important publications relating to its Sustainability Disclosure Requirements (“SDR”) and investment labelling regime: 1. Relevant to all FCA-authorised firms: the FCA’s finalised guidance (FG... Alert Friday, April 12, 2024...
(which currently lays down the legal requirements for prospectuses in relation to public offerings and admission of securities to regulated markets, as well as empowering the FCA to make and revise the Listing, Disclosure and Transparency Rules and to police the UK’s market abuse regime, etc.)...
Concerns are rising that passive, index-tracking funds may be completely absent from the UK’s upcoming “green” fund regime. Under the Financial Conduct Authority’s new Sustainability Disclosure Requirements, due to come into force at the end of July, funds that are marketed as sustainable “...