Concurrent to the publication of a final policy statement (PS23/16) on the disclosure requirements and labeling of sustainability-related investment products (EventID 24131) and the publication of a corresponding instrument, FCA 2023/39: Sustainability Labelling and Disclosure of Sustainability-Related Financial Information Instrument 2023 (EventID 24136) to implement the final provisions of the policy statement, the Financial Conduct Authority (FCA) has also published the final ESG Sourcebook provisions which are linked below. These provisions specify the new sustainability labels, set out corresponding notification requirements for use or termination of use of such label (or change thereto), detail relating review requirements to ensure that the product still meets the requirements in relation to a label (e.g. the 70% sustainable investment threshold), specify the new anti-greenwashing rule, and define the consumer-facing, product-level, and entity-level disclosure requirements in relation to ESG products and services.
ESG 5.1 Preparation of sustainability disclosures
ESG 1A.1 Application of ESG 2
ESG 5.5 Sustainability product-level reporting
ESG 5.6 Sustainability entity report
ESG 4.1 Sustainability labels
ESG 4.2 Criteria for applying sustainability labels
ESG 4.3 Naming and marketing
ESG 5.2 Consumer-facing disclosures
ESG 5.3 Pre-contractual disclosures
ESG 5.4 Preparation of sustainability reports
ESG 3.1 Application of ESG 4 and ESG 5 to firms
ESG 5.1 Preparation of sustainability disclosures ESG 1A.1 Application of ESG 2 ESG 5.5 Sustainability product-level reporting ESG 5.6 Sustainability entity report ESG 4.1 Sustainability labels ESG 4.2 Criteria for applying sustainability labels ESG 4.3 Naming and marketing ESG 5.2 Consumer-facing disclosures ESG 5.3 Pre-contractual disclosures ESG 5.4 Preparation of sustainability reports ESG 3.1 Application of ESG 4 and ESG 5 to firms
ID
25974
Other Features
benchmark
disclosure
eligibility
ESG disclosure
fund management
greenwashing
investment limits
marketing
notifications
performance
prohibition
prospectus
reporting
restrictions
sales documents
sustainability
Date Published: 2023-11-28
Date Taking Effect: 2023-11-28
Regulatory Framework: FCA Handbook (ESG)
Regulatory Type: regulation
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