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).
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
News BriefFCA publishes guidance on anti-greenwashing rule
The U.K. Financial Conduct Authority issued new guidance on how to comply with its upcoming anti-greenwashing rule, which is set to take effect May 31.
-
PremiumFCA vows transparency, faster case outcomes in new enforcement strategy
The U.K. Financial Conduct Authority will rein in its enforcement focus and commit to providing more updates on its ongoing investigations as part of a revamped strategy designed to quicken the pace and increase the deterrent impact of its cases.
-
News BriefFCA adopts rule package aimed at thwarting greenwashing
The Financial Conduct Authority will implement a series of rules to minimize instances of “greenwashing” in the U.K. market.
More from Regulatory Policy
-
ArticleEU prioritizes AI regulation and frameworks, despite Omnibus delays
The EU announced delays to some of its landmark AI regulations in its Digital Omnibus in December, but the AI Act has not gone away. Compliance leaders must beware complacency and ensure they follow the debate and note new deadlines as they emerge.
-
ArticleBank of England tightens liquidity requirements for U.K. banks
U.K. banks must reassess how quickly they could monetize their assets in the event of a crisis under new rules proposed by the Bank of England’s regulatory body, the Prudential Regulation Authority. The proposals are the first changes to the liquidity rules since these were updated in the aftermath of ...
-
ArticleEurope’s groundbreaking crypto rules put at risk by delays in implementation
Europe may have taken the lead in attempting to regulate cryptoasset firms before any other major jurisdiction, but a year after the ground-breaking rules came into force, it does not necessarily follow that they are robust or that the industry they are meant to hold accountable is embracing them.