The FCA has confirmed that it will no longer imminently be publishing its feedback statement on the proposed extension of the SDR and investment labels regime to portfolio management. The FCA is aware that fund managers have been struggling to comply with the regime as it already applies to them and is conscious of the effects its proposals could have on portfolio managers. As a result, it wants to take the time necessary to make sure the planned extension gives the benefits for consumers that it wants to achieve, and will take whatever time is necessary to work out how to do this.
