The Financial Conduct Authority’s plan to include portfolio management in the remit of the Sustainable Disclosure Requirements has been described as a “crucial” step for inclusion and the protection of retail investors.
Under the proposals published today (23 April), the regulator set out intentions to align the sustainability requirements for asset management companies to portfolio managers in terms of labelling, disclosure and marketing. Gemma Woodward, head of responsible investment at Quilter Cheviot, said the move was a "logical next step", given the success of the SDR labelling regime will depend on consistency of the regulation across the investment landscape. FCA eyes extension of SDR remit to include portfolio managers As portfolio management services become ever more popular, especially ...
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