On 25 October 2022, the Financial Conduct Authority (“FCA”) published its Consultation Paper CP22/10 (“Consultation Paper”) on the Sustainability Disclosure Requirements (“SDR”) and investment labels. The FCA’s proposals aim to build transparency and trust by introducing: labels to help the consumer navigate the market for sustainable investment products; sustainable related terms, ensuring the naming and marketing products are proportionate to the sustainability profile of the product; disclosure requirements, which include accessible consumer-facing disclosures, and detailed product-and entity-level disclosures and anti-greenwashing rule stating that sustainability related claims must be clear, fair, and not misleading. Firms and products in scope of the new proposals include all FCA-regulated firms and asset managers. The proposals in the Consultation Paper will focus on funds and portfolio management based in the UK as the SDR rules (for now) are applicable to…


The Consultation period ends on the 25 January 2023, and the policy statement is expected to be published by 30 June 2023. Once the FCA publishes the rules, regulated firms will have to update their fund documentation and prepare disclosures in line with the SDR rules.

To read the full Consultation Paper click here.

We will be following the SDR proposals closely; look out for our newsletter and a handy print and keep guide.

For more information on the implementation of UK SDR, Cleveland & Co External in-house counsel™, your specialist outsourced legal team, are here to help.

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