The Financial Conduct Authority has published a consultation paper looking to extend the remit of the Sustainability Disclosure Requirements (SDR) to portfolio managers.
In the consultation paper published today (23 April), the regulator said the portfolio management offerings in question would include model portfolios, customised portfolios and/or bespoke portfolio management services. When the SDR policy paper was first revealed in November 2023, the regulator stated it would be consulting on the expansion of the regime to portfolio management services. It noted that, since the requirements and the labelling regime have been developed "primarily for retail investors", the proposals in the consultation paper are targeted at "wealth management service...
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