Enhancing climate related disclosures: The FCA’s new rules for asset managers and asset owners

The UK Financial Conduct Authority (FCA) has published its Policy Statement on new climate-related disclosure requirements for asset managers, life insurers and FCA-regulated pension providers. This follows the public consultation on this topic in June 2021 and the separate Discussion Paper on sustainability disclosure requirements and investment labels published in November 2021 (the SDR Discussion Paper). See our post on the Policy Statement here.

In this briefing, we look at the new rules in more detail. The briefing focuses primarily on the implications of the new rules for asset managers (including investment portfolio managers), whilst seeking to draw comparisons between the main UK requirements and the EU disclosure requirements set out in the EU Sustainable Finance Disclosure Regulation (SFDR), recognising that asset management groups will in many cases already be subject to SFDR.