FCA delays compliance date for certain parts of ESG rule package
By 
Adrianne Appel2024-09-10T19:11:00
The U.K. Financial Conduct Authority is pushing back the date for some firms to comply with its naming and marketing rule amid struggles to prepare for it, the FCA said Monday.
The naming and marketing rule is part of a new FCA policy announced in November aimed at clarifying what it means for a fund to describe itself as “sustainable.”
Investors need to know that funds with “sustainable” in the name, or that are described as having sustainability goals, include certain environmental characteristics and outcomes, according to the rule’s Sustainability Disclosure Requirements (SDR).
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