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ARTICLE · 08 JULY 2021

UK Proposes New Climate-related Disclosure Rules For Asset Managers

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The proposed disclosure rules applicable to UK investment managers have been published for comment by the UK's Financial Conduct Authority (FCA). The rules focus on enhancing transparency on...

United KingdomFinance and Banking
Helen Marshall
Helen Marshall
Ezra Zahabi
Ezra Zahabi
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The proposed disclosure rules applicable to UK investment managers have been published for comment by the UK's Financial Conduct Authority (FCA). The rules focus on enhancing transparency on climate-related risks and align the disclosure requirements with the recommendations of the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD). The proposed new disclosure requirements for investment managers were published at the same time as the proposal to extend certain climate-related disclosure requirements to issuers of standard listed equity shares (excluding shell companies and investment entities).

The proposed disclosures are expected to be made with respect to the manager and each of the manager's funds or other products, similar to the disclosure requirements under the Sustainable Finance Disclosure Regulation (SFDR). The proposed requirements are focused on disclosure of relevant climate-related risks and of the manager's

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