The Financial Conduct Authority (FCA) is to extend the implementation timeline for portfolio managers to comply with the Sustainability Disclosure Requirements (SDR) to the second quarter of next year.
Speaking at a press conference linked to the FCA's annual meeting today (26 September), executive director of markets and international Sarah Pritchard said the regulator was reviewing the responses to its consultation regarding the extension of the rules to portfolio management. But when asked about timelines, as the SDR naming and marketing rules are set to come into force from 2 December, she said the regulator would extend implementation for the portfolio management sector to Q2 2025. This follows action from the FCA earlier this month, which allowed asset manager a four-month ext...
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