On August 9, the Financial Conduct Authority (FCA) published a letter to alternative asset managers concerning, among other things, the commitment to Environment, Social and Governance (ESG) based investments. Asset managers, including alternative investment fund managers, are required to make disclosures in line with the recommendations by the Taskforce on Climate-related Financial Disclosures.

The FCA emphasized that “it is important that investors have confidence in the products they are being offered … firms should ensure that documentation of such products [labelled as being ESG focussed and with investment strategies benchmarked against ESG themes] are clear, not misleading and that firms’ actions match the stated claims.”

Read AMEIS’ summary of the policy statement on Enhancing climate-related disclosure requirements for asset managers.