On 28 November 2023, the UK’s Financial Conduct Authority (FCA) published its Policy Statement (PS23/16) ‘Sustainability Disclosure Requirements (SDR) and Investment Labels’.
The FCA states that PS23/16 contains its final rules and guidance to, amongst other things, improve trust and transparency to the market for sustainable investment products and help consumers to navigate the market for sustainable investment products.
The FCA adds that the package of measures contained in PS23/16 put consumers at its heart and was tested with over 15,000 people. It also follows the UK regulators’ Financial Lives Survey, which highlighted that a significant majority of adults surveyed would like to invest in a way that protects the environment or has a positive social impact.
