FCA delays SDR policy statement until end of 2023

SDR forms part of the FCA's plan to stamp out greenwashing

Elliot Gulliver-Needham
clock • 2 min read

The Financial Conduct Authority (FCA) has delayed the publishing of the Sustainability Disclosure Requirements (SDR) policy statement until later this year.

In a regulatory update from chief executive Nikhil Rathi and deputy governor of prudential regulation at the Bank of England Sam Woods, the watchdog today (18 July) confirmed that the regime had been pushed to the end of the year. Previously scheduled for Q3, the investment labelling scheme closed its consultation in January, having received about 240 written responses. The regulator unveiled the SDR consultation paper on 25 October, which included proposals for three categories of investment labels to be used for sustainable investment products: ‘sustainable focus'; ‘sustainable impr...

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