The Financial Conduct Authority will allow firms “temporary flexibility” to comply with the Sustainability Disclosure Requirements’ (SDR) naming and marketing rules – set to come into force from 2 December.
Following engagement with firms and trade bodies, the regulator said in a statement today (9 September) that it has taken "longer than expected" for some firms to make the required changes under SDR and ahead of the December deadline. It also revealed a "strong pipeline of fund applications" from firms wishing to use one of the four SDR labels, although the FCA said last week that it was only aware of six products looking to adopt the labels either via notification or application. So far, only WHEB Asset Management and AEW have publicly revealed they were granted the use of a Sustaina...
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