The Financial Conduct Authority's (FCA) new Sustainability Disclosure Requirements (SDR) and investment labels consultation paper may be playing second fiddle to Consumer Duty in some quarters, Julia Dreblow says, but the regulator has made it clear that consumers are at the heart of the new anti-greenwash proposals and few issues could be more important than sustainability...
I am far from being neutral on this. As a member of the FCA's disclosure and labels advisory group (DLAG) - announced during COP26 last year - I have been closer to this work than most - but nonetheless I feel very comfortable saying I am really pleased with the proposals and the questions put by the FCA. The paper covers six areas that the FCA says they ‘want' to change. Briefly, these are: 1. Sustainable investment labels. There will be three client friendly, plain English labels that fund managers can opt to use if they wish - and if they chose to do so they must comply with additi...
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