The Financial Conduct Authority (FCA) has made the sustainability disclosure requirements (SDR) regime “unnecessarily cryptic”, according to WHEB Asset Management partner and head of research Seb Beloe.
Speaking today (3 October) at the SRI Services and Partners Good Money Week event, Beloe said the regulator does not make it an easy process. "They will respond and say something is missing, but we can't tell what it is," he told delegates. "The FCA has a habit of taking three weeks to respond then coming back to you with 17 questions." Beloe also raised concerns about the FCA's requirement for firms to demonstrate causality and outcomes in their sustainability goals. "To set that as a standard is ridiculous," he said, adding that there is still much for the industry to learn and adap...
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