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Dec 13, 2024 | 
globalcompliancenews.com | Caitlin McErlane |Kimberly Everitt
On 26 July 2024, in response to the UK Government’s Investment Research Review (IRR) on the effectiveness of the investment research market, the FCA published its final rules and guidance to permit the bundling of payments for investment research and trade execution by investment firms. The final rules, which took effect on 1 August 2024, adapt the FCA’s policy to evolving markets and better align with the regulatory position in the EU and US.
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Jul 17, 2024 | 
bakermckenzie.com | Caitlin McErlane |Kimberly Everitt
The term 'transition finance' has now firmly established itself in the lexicon of financial market participants, however, there does continue to be some differing perspectives around the scope of the term's definition.
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Apr 17, 2024 | 
globalcompliancenews.com | Caitlin McErlane |Shaneil Shah
The FCA’s Sustainability Disclosure Requirements (SDR) regime is the UK’s flagship ESG regime, set to apply from May 2024 onwards. The SDR is primarily a product labelling regime which is accompanied by entity-level disclosure requirements, new anti-greenwashing guidance and ESG marketing requirements. This implementation guide provides a practical overview of the regime and key points for firms to consider when launching an SDR labelled fund and completing entity-level disclosures.
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Apr 5, 2024 | 
globalcompliancenews.com | Caitlin McErlane |Shaneil Shah
In briefGreenwashing refers to the practice of making exaggerated, misleading or unsubstantiated claims in relation to the sustainability credentials of financial products and services. The risk of greenwashing claims has risen significantly in recent years, in tandem with investor demand for more sustainable investment products.
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Apr 4, 2024 | 
bakermckenzie.com | Caitlin McErlane |Shaneil Shah
The FCA's Sustainability Disclosure Requirements (SDR) regime is the UK's flagship ESG regime, set to apply from May 2024 onwards. The SDR is primarily a product labelling regime which is accompanied by entity-level disclosure requirements, new anti-greenwashing guidance and ESG marketing requirements. This implementation guide provides a practical overview of the regime and key points for firms to consider when launching an SDR labelled fund and completing entity-level disclosures.
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Apr 4, 2024 | 
lexology.com | Caitlin McErlane |Shaneil Shah
A. Introduction, Scope and ApplicationThis is the opening briefing in a series of alerts focused on the Sustainability Disclosure Requirements (SDR) regime. In this briefing, we introduce the SDR regime and provide an overview of its scope, including by reference to: (i) UK domiciled funds; (ii) overseas funds; (iii) single managed accounts; (iv) passive funds; (v) fund of funds; and (vi) master-feeder structures. 1. IntroductionWhat is the SDR?
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Apr 4, 2024 | 
lexology.com | Caitlin McErlane |Shaneil Shah
C: SDR Labelling RegimeThis is the third briefing in a series of alerts focused on the Sustainability Disclosure Requirements (SDR) regime. In this alert, we focus on practical aspects of compliance with the SDR labelling regime, namely: (a) deciding on an SDR label; (b) setting an SDR-labelled fund's investment objective; and (c) setting an SDRlabelled fund's investment strategy and approach to asset selection. ii The FCA's Sustainability Disclosure Regime: A Practical Implementation Guide1.
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Apr 4, 2024 | 
lexology.com | Caitlin McErlane |Shaneil Shah
F: Disclosure and Fund Naming RulesThis is the sixth briefing in a series of alerts focused on the Sustainability Disclosure Requirements (SDR) regime. Two key aspects of the SDR include the disclosure rules (at both the product and entity level) and the fund naming rules. This briefing provides a detailed overview of these rules and focuses in particular on how the regime applies to retail managers. ii The FCA's Sustainability Disclosure Regime: A Practical Implementation Guide1.
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Apr 4, 2024 | 
lexology.com | Caitlin McErlane |Shaneil Shah
B. The FCA's AntiGreenwashing RuleThis is the second briefing in a series of alerts focused on the Sustainability Disclosure Requirements (SDR) regime. As part of the SDR, all UK authorised firms will be required to comply with an anti-greenwashing rule which requires sustainability-related claims to be clear, fair and not misleading. The FCA is currently consulting on guidance that will support the new rule.
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Apr 4, 2024 | 
lexology.com | Caitlin McErlane |Shaneil Shah
E. Fund Launch and Distribution under the SDRThis is the fifth briefing in a series of alerts focused on the Sustainability Disclosure Requirements (SDR) regime. In this alert, we focus on the SDR's requirements relating to launching and distributing funds. 1. Fund Launch and Regulatory ApprovalFirms in scope of the SDR will need to notify the FCA of their use of SDR labels before commencing use of the label.
