FCA sustainability disclosure and labelling regime takes effect

The FCA’s new anti-greenwashing rules and guidance took effect on 31 May. Firms must make sure any claim about the sustainability of their products and services is clear, fair and not misleading. They should also already be considering whether they wish to label products with positive sustainability aims, which they will be able to do from the end of July.

Separately, the FCA consultation on extending the regime to portfolio management remains open until 14 June.