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Funds with about £110bn in AUM to opt for UK FCA labels, Morningstar estimates
09 January 2024About 300 investment funds, which collectively manage about £110 billion ($140 billion), are set to adopt new UK sustainability fund labels this year, according to estimates by Morningstar.
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Barclays: UK 'Sustainability Improvers' fund label risks being 'catch-all'
04 January 2024The 'Sustainability Improvers' label under the UK Financial Conduct Authority (FCA) voluntary fund labelling rules risks being a "catch-all" investment category, warned Barclays.
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2024 outlook: Sand in the gears of sustainable finance policy
03 January 2024Looming elections and burgeoning disclosure regimes point to a slowdown in sustainable finance policymaking, but the spectre of fines for greenwashing is on the rise, Michael Hurley writes
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UK presses ahead with listing reform, despite investors' corporate governance warnings
20 December 2023Fresh proposals to overhaul UK listing rules show "little sign that widely held and clearly communicated investor concerns about weakening corporate governance standards have been taken into account," one of the country's largest pension funds has warned.
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ICMA publishes ESG ratings and data code of conduct
14 December 2023The International Capital Market Association (ICMA) has published a voluntary 'code of conduct' for ESG ratings and data products.
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UK sustainable investment funds not living up to their name, FCA says
16 November 2023UK-based fund managers have been placed on notice by their regulator after it said many had failed to back up claims of sustainable investment, weeks before the publication of rules designed to tackle greenwashing.
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Hong Kong to form ESG code of conduct working group
01 November 2023A group is to be established to promote a "globally consistent" code of conduct for ESG ratings and data providers in Hong Kong.
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Manning quits UK's FCA, with SDR still in the pipeline
23 October 2023One of the architects of the UK's Sustainability Disclosure Requirements (SDR) has left his role at the Financial Conduct Authority (FCA) just weeks before the regulations are due to be published.
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UK regulators propose rules on diversity and inclusion
26 September 2023The UK's financial regulators have issued consultations on improving diversity and inclusion (D&I) in financial industries, an issue that is "important to governance and firm-wide culture" and supporting effective risk management.
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Investor group backs registry to bolster scrutiny of UK asset manager voting
22 September 2023A proposal to create a system for harmonised reporting of UK asset managers' voting records and a registry to host this information would enable greater scrutiny of managers' voting practices, an investor group has said.