Advisers are increasingly worried about the proposed rules from the Financial Conduct Authority (FCA) on Sustainable Disclosure Requirements (SDR) since whispers of a delay, according to Square Mile Investment Consulting and Research.
Speaking at PA360 in London today (26 April), strategic relationships director Jock Glover said the FCA "has some work to do to allay asset managers and investors' concerns around the drafting". The SDR consultation paper that was published at the end of last year saw the "biggest ever response" to the FCA for a consultation paper, Glover said, with over 240 responses. While an official timeline was due to come in this summer, the amount of feedback had delayed that until at least the third quarter. Labelling A labelling system will be a key part of the SDR regime, Glover said, w...
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