The Financial Conduct Authority (FCA) is proposing that distributors – including financial advisers and platforms – must communicate the Sustainability Disclosure Requirements (SDR) labels and provide access to the consumer facing disclosures.
In its latest consultation paper today (23 April), ‘Extending the SDR regime to Portfolio Management', the regulator has proposed to extend the SDR and investment labels to all forms of portfolio management services. This includes where the portfolio management offering are model portfolios, customised portfolios and/or bespoke portfolio management services. This means that firms providing portfolio management services will be required to produce consumer-facing disclosures if using a label or sustainability-related terms without a label, publishing them on their websites, or relevant...
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