UKSIF response: FCA’s GC23/3: Guidance on the anti-greenwashing rule

UKSIF is pleased to respond to GC23-3: Guidance on the anti-greenwashing rule.

UKSIF had an extensive involvement in the development of the FCA’s sustainability disclosure requirements regime (SDR), the final form of which was released by the FCA on 28 November 2023. This included the submission of a response to the FCA’s CP122/20: Sustainability Disclosure Requirements and investment labels, and close engagement with the FCA on the proposals, including as a member of the Disclosures and Labels Advisory Group, which advised the FCA on the design of SDR.  The clarification and expansion of the sustainability disclosure regime is integral to the UK’s aim of becoming a world leader for green and sustainable investing, and SDR is a key milestone for this.

We strongly support the FCA’s anti-greenwashing rule and its objectives to ensure that sustainability claims from all authorised firms in regards to their funds and services are fair, clear, and not misleading. We expressed our support for this rule in our initial response to the SDR consultation, recommending closer alignment between the rule and the regulator’s guiding principles for ESG and sustainable funds laid out in its ‘Dear Chair’ letter in July 2021.

UKSIF response, FCA Guidance on the anti-greenwashing rule (January 2024)

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