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ARTICLE · 24 JUNE 2024

Recent Developments On The FCA's Sustainability Regime

RQC Group
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On 23 April 2024, the FCA published two documents related to the FCA's upcoming sustainability regime.

United KingdomFinance and Banking
Matthew Raver
Matthew Raver

On 23 April 2024, the FCA published two documents related to the FCA's upcoming sustainability regime.

The first of these is Consultation Paper, CP24/8: Extending the Sustainability Disclosure Requirements (SDR) regime to Portfolio Management.

The second of these is the Finalised Guidance FG24/3 on the Anti-Greenwashing Rule.

We explore both of these publications below.

Extending SDR to Portfolio Management

SDR refers to the FCA's flagship regime on sustainability following similar initiatives in other jurisdictions. It covers sustainability disclosure requirements, investment labelling and anti-greenwashing. As reported in our Q4, 2023 newsletter, in November 2023, the FCA finalised rules relating to so-called 'fiduciaries' such as fund managers, life insurers and pension providers. The various requirements for such firms take effect between 31 May 2024 and 2 December 2026.

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