On 1 July 2024, the Financial Conduct Authority (FCA) updated its webpage on the sustainability disclosure and labelling regime, to add new information on how to notify it when a fund is using an investment label. The updated webpage also includes details of how to apply to make associated changes to a fund’s name, investment objectives or policy.

The new section of the webpage, entitled ‘Notifying us about your use of an investment label for a fund’, applies to those funds using or wanting to apply a label under the FCA’s sustainability disclosure requirements (SDR) and investment labels regime.  The FCA reminds firms that they must meet the requirements of the SDR and investment labels rules, flagging that labels can be displayed from 31 July 2024 and firms must meet the naming and marketing rules from 2 December 2024.

Firms are required to notify the FCA when using an investment label through the form on Connect (the FCA’s online notification and applications system). While the FCA does not approve labels, firms are required to notify it when they use, revise or stop using a label. The updated webpage sets out the steps for notifying the FCA, with different steps applying depending on which of the following four scenarios apply:

  • Authorised fund considered to meet the label criteria without changes.
  • Authorised fund considered to require changes.
  • New fund considered to meet the label criteria.
  • In-scope unauthorised alternative investment fund.