In late October the FCA launched a consultation on CP22/20, a range of new rules that will enhance its regulatory toolkit for dealing with ESG issues. The proposed new anti-greenwashing rule, which will apply to all financial regulated firms from 30 June 2023, will give the FCA an explicit regulatory hook on which to hang potential supervisory or enforcement action for firms engaging in greenwashing. There are also new rules proposed relating to sustainability disclosure requirements, consumer-facing disclosures and investment labels that are likely to be implemented for portfolio manage...
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