- Culture drives conduct and decision-making, which directly impact
FCA publishes speech on culture
PRA publishes Climate Change Adaptation Report 2025
On 30 January 2025, the Prudential Regulation Authority (PRA) published its Climate Change Adaptation Report 2025.
Background
This is the PRA’s third climate change adaptation report, which has been produced in response to an invitation by the Department for Environment, Food & Rural Affairs (DEFRA) to participate under the fourth
FCA publishes climate change adaptation report 2025
On 28 January 2025, the Financial Conduct Authority (FCA) published its Adaptation Report 2025, in which it responds to the Department for Environment, Food and Rural Affairs’ (DEFRA) invitation to report on climate change adaptation challenges faced by financial services firms.
The report is based on informal engagement with financial
New ESG milestones reached
Introduction
On December 2, 2024, the United Kingdom (UK) reached a number of further environmental, social and governance (ESG) milestones.
Almost a year ago, the Financial Conduct Authority (FCA) published its final rules and guidance on Sustainability Disclosure Requirements (SDR) and investment labels. The new rules and
FMSB transparency draft of SoGP on governance of SLPs
On 17 December 2024, the Financial Markets Standards Board (FMSB) published for consultation a Statement of Good Practice (SoGP) on the governance of sustainability-linked products (SLPs) in transparency draft. The SoGP seeks to codify good practices for the governance of SLPs and support the adoption of consistent governance approaches
D&I jurisdiction summary – updated
In recent years, diversity and inclusion (D&I) in the financial services sector has become a focus for regulators around the world. Individual regulators, however, have taken different approaches to D&I to reflect the local socio-economic environment.
Below, we provide a high-level summary of the position across a number of key jurisdictions updating our table published
Let’s talk asset management: Episode 11 – UK SDR naming and marketing rules
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
Let’s talk asset management: Episode 10 – UK FCA’s recent work on non-financial misconduct
In this latest episode of our podcast series, Let’s talk asset management, Hannah Meakin, Lucy Dodson, Rebecca Dulieu and Simon Lovegrove discuss the UK Financial Conduct Authority’s recent work on non-financial misconduct and its impact on the UK asset management sector.
Listen to the podcast here.
UK Green Taxonomy
On 14 November 2024, HM Treasury issued a consultation on a UK Green Taxonomy.
The purpose of the consultation is to establish whether a UK Taxonomy would be additional and complementary to existing policies in meeting the objectives of mitigating greenwashing and channelling capital in support of the Government’s sustainability objectives. The Government is also
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