Last month the FCA proposed a new set of rules to clamp down on greenwashing by UK based funds and portfolio managers.
Last month the FCA proposed a new set of rules to clamp down on greenwashing by UK-based funds and portfolio managers. Receiving close attention from the investment community, the proposal imposes sustainable investment labels, disclosures and related requirements. It builds on the FCA's existing rules for climate-related disclosures by investment managers, which were finalised in December 2021. Ultimately, many of the challenges surrounding this latest proposal will stem from its divergence from EU requirements currently in force. FCA seeks experts to join new ESG advisory com...
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