-
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.
-
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.
-
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.
-
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?
-
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.
-
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.
-
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.
-
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.
-
Feb 27, 2024 | 
lexology.com | Mark Simpson |Philip Annett |Caitlin McErlane |Sarah Williams |Shaneil Shah |Melody Hoay | +4 more
In briefOn 13 February 2024, the FCA issued a Final Notice to Floris Jakobus Huisamen, the former director and compliance officer of London Capital & Finance plc (LCF), fining him GBP 31,800 and banning him from working in financial services in relation to misconduct connected to financial promotions issued by LCF. This Final Notice follows the FCA's previous censure of LCF in October 2023 for connected behaviour.
-
Feb 23, 2024 | 
globalcompliancenews.com | Mark Simpson |Caitlin McErlane |Shaneil Shah |Sarah Williams
In briefOn 30 January 2024, the UK government announced its first equivalence decision in relation to the new overseas funds regime (OFR). The government has granted equivalence in respect of the pan-EEA UCITS regime, meaning that UCITS funds established in the EEA can be marketed to UK retail investors once the OFR becomes operational later this year. The FCA set out its proposals to operationalise the regime in December 2023, which we detailed in our related client alert.
