On 14 February 2025, the Financial Conduct Authority (FCA) updated its webpage for consultation paper CP24/8 on extending the Sustainability Disclosure Requirements (SDR) and investment labels regime to portfolio management.
In the update, the FCA flags that it no longer plans to publish a policy statement in Q2 2025, as it wants to take the necessary time to ensure an extension of SDR to portfolio management delivers good outcomes for consumers, is practical for firms and supports growth of the sector.
The FCA notes that it will continue to reflect on the feedback and provide further information in due course.