Sarah Pritchard (pictured), executive director of markets and international at the FCA.
The Financial Conduct Authority has revealed it will publish its policy paper on the implementation of the Sustainability Disclosure Requirements (SDR) for portfolio managers in Q2 2025.
Speaking at a press conference about the FCA's annual meeting today (26 September), Sarah Pritchard, executive director of markets and international, said the regulator is currently reviewing the responses to the consultation regarding the extension of the rules to portfolio management.
FCA 'considering' extending SDR flexibility to portfolio management
But when asked about timelines, as the SDR naming and marketing rules are set to come into force from 2 December, she said the regulator intends to publish the policy statement setting out timings and expectations for the portfolio management sector in Q2 2025.
This follows action from the FCA earlier this month, which allowed asset manager a four-month extension to 1 April 2025 to comply with the SDR naming and marketing rules for those firms that have applied for a label by 1 October and have or intend to use sustainability related terms in their fund names.
Editor's note: A previous version of this article stated that the FCA had delayed the implementation timeline for portfolio managers to Q2 2025 based on Pritchard's comments at the press conference. However, the FCA later clarified the Q2 2025 deadline related to the publication of the policy statement, rather than the implementation timeline referred to at the meeting.
