The Charter Insurance Institute (CII) has said it is “disappointed” the regulator’s latest discussion paper does not include an update on ESG and suitability requirements for advisers.
Earlier this month (10 February) the regulator released a discussion paper, ‘Finance for positive sustainable change', which assessed the case for additional regulatory reforms and includes the potential oversight of ESG integration across the investment processes. However, the CII noted the 97 page discussion paper makes no reference to work the Financial Conduct Authority (FCA) is doing around ESG and suitability requirements for advisers. In a response, published on 24 February, the CII explained in 2019 the FCA said it was considering amendments to European Union financial regulat...
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