The Financial Conduct Authority has delayed its consultation on new Sustainability Disclosure Requirements, yet another setback for the environmental impact regulation.
A consultation had been planned for Q2 2022, but the FCA has pushed this into autumn in order to "take account of other international policy initiatives and ensure stakeholder have time to consider these issues". Industry calls for stringent labelling and consumer education to ensure SDR success This is not the first time the regulation, which has been pitted at the UK's response to the European Union's Sustainable Finance Disclosure Regulation, has experienced a change to its plans. In May, ministers made a last minute decision to withdraw SDR from the Financial Service and Marke...
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