Asset managers are facing several implementation challenges in their efforts to comply with the upcoming Sustainability Disclosure Requirements and its fund labels.
According to a report by PwC and UKSIF published today (30 May), while the vast majority of firms have set out plans and committees ahead of the compliance deadlines, they shared concerns regarding the implementation of the requirements. Four main challenges were outlined in the report. Investment Association launches guidance on FCA sustainability rules The first relates to fund labelling, which will come into force from 31 July 2024 on a voluntary basis. Asset managers highlighted issues regarding divergence between different regulatory regimes and the impact these have on the wa...
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