The Financial Conduct Authority (FCA) has extended the deadline for firms to comply with new sustainability rules by four months. The City watchdog said it has taken longer than expected for firms to make changes to their fund names when it came to using new sustainability labels. With this in mind, the FCA is offering “limited temporary flexibility” until April 2, 2025, for firms to comply with the naming and marketing rules. The extension applies to UK authorised investment funds in exceptional circumstances, where the firm has applied for approval of amended disclosure for that fund by October 1, 2024. The firm must also be using one or more of the terms sustainable, sustainability, or impact in the name of that fund and is intending either to use a label, or to change the name of that fund.
FCA announces extension for SDR naming rules
4 responses to “FCA announces extension for SDR naming rules”
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