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...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
