FCA quarterly consultation proposes simplified climate disclosure rules

The FCA has published its latest quarterly consultation on miscellaneous amendments to its Handbook.

Proposed amendments include:

• Following a post-implementation review of climate disclosure rules, simplifying disclosure requirements by replacing detailed product-level reporting based on the Task Force on Climate-related Financial Disclosures with simpler, targeted information for retail investors in line with the Consumer Duty;
• Amending FEES to set regulated income as the tariff base for cryptoasset firms and insert new provisions to account for new regulated cryptoasset activities;
• Revoking or amending certain UK CRR-related provisions;
• Allowing authorised funds to hold cryptoasset exchange traded noted (cETNs) up to a limit of 10% of scheme property;
• Removing the requirement for approvers of qualifying cryptoasset financial promotions to submit notifications following certain approvals; and
• Simplifying the scheduling rule for Section M of the Retail Mediation Activities Return (RMA-M) and updating guidance on completing the Baseline Financial Resilience Report (FIN073).

The consultation closes for all proposals on 13 July 2026.