FCA warns bosses on 'poor quality' ESG fund launch applications

In response, the regulator has developed a set of guiding principles, informed by stakeholder liaison and consumer research, to help firms apply its existing rules and ensure ESG-related claims are "clear and not misleading". Head of asset management supervision at the FCA Nick Miller said in a letter to industry bosses, published today (19 July), that the regulator receives "a high volume" of applications for authorisation of funds with a sustainable focus, "many" of which are "poor quality" and "fall below our expectations". "We also expect clear and accurate ongoing disclosures to ...