On March 29, the Financial Conduct Authority (FCA) provided an update indicating
a delay to its upcoming Policy Statement on Sustainability Disclosure Requirements ("SDR") and investment labels.
The Policy Statement (PS) that will include extensive requirements to combat greenwashing (read our previous briefing here) will be published in Q3 of this year, and the proposed effective dates will be adjusted accordingly.
The PS will build on comments received from stakeholders, this includes, but is not limited to:
Reconsider the approach related to marketing restrictions, refining the specific criteria for the labels and clarifying how different products, asset classes and strategies can qualify for a label.
Clarify Matters such as that primary and secondary channels for achieving sustainability outcomes are not prescribed, and that independent verification of product categorisation to qualify for a label is not required.