In its release of final rules on Sustainability Disclosure Requirements (SDR) and investment labels, the Financial Conduct Authority (FCA) reiterated the consumer has been firmly placed at the very centre of the regime, Katrina Lloyd writer. Rightly so in a year dominated by the implementation of Consumer Duty...
The UK regulator received praise for taking a widespread, consultative approach across the industry as it drew up its SDR and labelling plans, while testing with consumers has been extensive, including gauging the views of over 15,000 people. It believes this consumer-focused approach sets the UK apart and it is setting a standard for others to follow. It appears to explain why the FCA released final rules before the conclusion of the consultation on Europe's SFDR, for example, as it believes others may now follow its lead. Historically, consumer-facing labels have been difficult to...
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