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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.
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