The FCA has launched its long-awaited consultation into a voluntary Code of Conduct for ESG data and ratings providers, as major providers endorse Japan's more advanced efforts in the space.
The UK regulator established a working group to develop the code last November, as a "kick-start" for progress towards a separate consultation launched by the Treasury into whether ESG data and ratings providers should be folded more strictly into the FCA's regulatory perimeter. This consultation closed last month, and while the Treasury will set any resulting legislation, the FCA and PRA will be charged with enforcing it. The regulator's consultation on ESG data and ratings providers, published on Wednesday (5 July) will close on 5 October 2023, with a finalised code expected by the ...
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15 February 2024
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