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The FCA has granted temporary flexibility until April 2, 2025, for firms complying with sustainability-related naming and marketing rules, provided they submit amended disclosure applications by October 1, 2024. Firms should comply sooner, if possible.
The FCA has published a statement today allowing
temporary flexibility up until 5pm on 2 April 2025 for firms to
comply with naming and marketing rules under the Sustainability
Disclosure Requirements in exceptional circumstances where the
firm:
has submitted a completed application for approval of amended
disclosures in line with ESG 5.3.2R for that fund by 5pm on 1
October 2024; and
is currently using one or more of the terms
‘sustainable', ‘sustainability' or
‘impact' (or a variation of those terms) in the name of
that fund and is intending either to use a label, or to change the
name of that fund
The FCA expects firms to comply with the rules as soon as they
can, without waiting until the extended deadline of 2 April
2025.
The temporary flexibility does not apply to funds using other
sustainability-related terms in their names that are not specified
above.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
