In this latest episode of our podcast series, Let’s talk asset management, Matthew Gregory, Haney Saadah and Simon Lovegrove discuss the FCA’s ‘naming and marketing’ rules under the Sustainability Disclosure Requirements. These rules came into force on 2 December 2024 although some firms have taken the ‘temporary flexibility’ offered by the FCA which gives firms
Commission FAQs on EU Taxonomy
On 2 December 2024, the European Commission issued a set of FAQs to support stakeholders in the implementation of the EU taxonomy.
The FAQs provide technical clarifications regarding various elements of the EU taxonomy. Among other things, they cover the application of general taxonomy requirements and technical screening criteria for specific activities included in the
Report on ‘Fit for 55’ climate scenario analysis
On 19 November 2024, the European Supervisory Authorities (ESAs) together with the European Central Bank (ECB) issued the results of the one-off ‘Fit-for-55’ climate scenarios analysis.
Fit-for-55
The ‘Fit-for-55’ package is a set of legislative proposals and policy initiatives designed as part of the European Green Deal with the aim of
HMT response to consultation on future regulatory regime for ESG ratings providers
On 14 November 2024, HM Treasury (HMT) published its response document to its earlier consultation on the future regulatory regime for Environmental, Social and Governance (ESG) ratings providers.
Earlier consultation
Previously HMT issued a consultation on the regulation of ESG ratings providers on 30 March 2023, and this closed on 30
FCA updates SDR webpage to include examples of pre-contractual disclosure
On 1 November 2024, the Financial Conduct Authority (FCA) updated its Sustainability disclosure and labelling regime webpage to include a document providing examples of pre-contractual disclosure across a selection of labels.
The document notes that the Sustainability Disclosure Requirements (SDR) and investment labels regime is a new regime with firms having
TPT concludes its work
On 31 October 2024, the Transition Plan Taskforce (TPT) will officially conclude its work to establish a gold standard for private sector transition plans.
Final report
The TPT has released its final report, Progress Achieved and the Path Ahead: The Final Report of the Transition Plan Taskforce. This report identifies key opportunities
Regulation Around the World – Anti-money laundering update
In the latest instalment of our Regulation Around the World series, Financial Services partners in 15 jurisdictions cover recent developments concerning anti-money laundering.
Our global updater is accompanied by further analysis and insights in our Regulation Around the World podcast which is available now to stream and download. The podcast features speakers from the
UNEP FI: Responsible Banking Blueprint
On 8 October 2024, the United Nations Environment Programme Finance Initiative (UNEP FI) published the Responsible Banking Blueprint – A roadmap for action on climate, nature and biodiversity, healthy and inclusive economies and human rights (the Blueprint).The Blueprint is designed to be read in conjunction with the UNEP FI’s strategy note, Leading
‘Climate adaptation: what steps should financial institutions be taking now?’
We have published a new briefing note ‘Climate adaptation: what steps should financial institutions be taking now?’
Previous financial services related ESG notes and podcasts can be found on our Financial Services Regulatory Developments in ESG hub.
FCA sets out temporary measures for firms on ‘naming and marketing’ sustainability rules
On 9 September 2024, the FCA published a new webpage stating that it was offering firms temporary flexibility to comply with the ‘naming and marketing’ rules under the Sustainability Disclosure Requirements (SDR).
The FCA states that: