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ARTICLE · 06 DECEMBER 2023

Final SDR Rules Published By FCA – Time To Label Your Funds (Maybe)

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The FCA has published its final rules on the UK's Sustainability Disclosure Requirements (SDR) regime.

European UnionMedia, Telecoms, IT, Entertainment
Andrew J. Massey
Andrew J. Massey
Philip J. Morgan
Philip J. Morgan

The FCA has published its final rules on the UK's Sustainability Disclosure Requirements (SDR) regime. The key features include:

  • An anti-greenwashing rule – applicable to FCA authorised firms in relation to sustainability-related terms in communications from 31 May 2024.
  • Sustainability labels – available for use by UK authorised funds and certain UK AIFs with UK AIFMs from 31 July 2024.
  • Rules on the use of sustainability-related terms – applicable to UK authorised fund managers and UK AIFMs from 2 December 2024, supplemented by rules applicable to FCA authorised distributors from 31 July 2024.
  • Disclosure and reporting requirements – for products using a label or with sustainability features, and certain FCA authorised firms.

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