UK:
FCA Delays Further Consultation On Sustainability Disclosure Requirements And Investment Labels
08 July 2022
Cadwalader, Wickersham & Taft LLP
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On July 4, the UK's Financial Conduct Authority
("FCA") updated the "next steps" section on its
webpage on the discussion paper on
Sustainability Disclosure Requirements and investment labels
(DP21/4). In its discussion paper, the FCA sought feedback on the
Sustainability Disclosure Requirements for asset managers and
certain FCA-regulated asset owners, together with views on a
proposed labelling system for sustainable investment products. The
deadline for stakeholders to submit a response was in January
2022.
The FCA has updated its "next steps" to indicate that
it now intends to consult on its proposed policies in this area in
Autumn 2022 rather than, as originally suggested, during Q2 2022.
The FCA will use the feedback to its discussion paper to help
inform the development of the proposals. The FCA wants to use the
additional time to take account of international policy initiatives
and to ensure that stakeholders also have sufficient time to
consider the issues.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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