Sustainable finance regulation experts have warned that firms may struggle to implement the Financial Conduct Authority’s Sustainability Disclosure Requirements in time for the regime's launch.
On 28 November, the regulator published its SDR and investment labels policy statement, which introduces a set of new rules aimed at tackling greenwashing, including investment product sustainability labels and restrictions on how terms like 'ESG', 'green' and 'sustainable' can be used. Firms will be able to begin using labels from 31 July 2024, and the rules on naming and marketing will come into force on 2 December 2024. Rules on ongoing product-level disclosures and entity-level disclosures for larger firms - with AUM of over £50bn - will become effective on 2 December 2025, and en...
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