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ARTICLE · 21 JUNE 2024

Investment Management Update - June 2024

Macfarlanes LLP
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The latest investment management update covers significant regulatory changes, including the FCA's anti-greenwashing rule, operational resilience insights, consumer duty implementation, overseas funds regime, and inquiries into competitiveness objectives and cost disclosures for investment trusts.

United KingdomFinance and Banking
Lora Froud
Lora Froud
Alexandra Green
Alexandra Green
Michael Sholem
Michael Sholem
Rachel Serene
Rachel Serene

Welcome to the latest edition of our investment management update. This publication has been tailored to highlight topical news, cases and changes in the law impacting the investment management sector.
 

UK

  • On 31 May 2024, the FCA's general anti-greenwashing rule went live. The rule mandates that all FCA authorised firms must ensure their sustainability claims about products or services are fair, clear and not misleading. The rule has a wide scope, affecting all firms regardless of their direct involvement in sustainable business, and applies to all forms of communication with both professional and retail clients. This is the first part of the Sustainability Disclosure Requirements to be in force and the FCA released accompanying guidance in April. 

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