The industry has welcomed the UK’s financial regulator plans to introduce an extra level of labelling on top of the EU’s Sustainable Finance Disclosure Regulation (SFDR) rules for ESG funds but warns on the "massive challenge" of the task.
This comes following today's (3 November) publication of a discussion paper by the FCA, on the sustainability labelling of investment products to make it easier for investors to "put Environmental, Social and Governance (ESG) matters at the heart of their investment decisions". On the third day of the climate conference in Glasgow, the regulator invited views on potential criteria to classify and label investment products, and said it was minded to introduce specific rules for advisers. FCA publishes discussion paper on SDR and calls for feedback "Any momentum behind consistent corpor...
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