UKSIF and PwC Release Joint Report on Opportunities and Implementation Challenges of The FCA’s SDR

[London, 30th May 2024] UKSIF and PwC today released their report on implementing the FCA’s Sustainability Disclosure Requirements (SDR) and investment labels rules (the ‘SDR package’). The report identifies implementation challenges that firms are facing, provides recommendations on how to address those challenges, and sets out an implementation roadmap to support asset managers and other firms in implementing the new rules.

UKSIF and PwC collaborated alongside UKSIF members, including representatives from its SDR Implementation Working Group, to offer asset management firms initial insights and recommendations for action as they implement various elements of the SDR package of regulation over this year. Challenges identified include fund labelling interoperability across different jurisdictions; uncertainty over the qualifying criteria and standards for the labelling categories; product governance challenges, and tight timelines for compliance with the ‘anti-greenwashing’ rule.

You can read the full press release here: PwC UKSIF SDR Report Press Release (May 2024)