ESG

FCA delays final rules for ESG labelling regime

Regulator kicks the can down the road, pushing policy statement on Sustainable Disclosure Requirements back a quarter

The FCA is wading through comments from an industry divided on new ESG rules
The FCA is wading through comments from an industry divided on new ESG rules Photo: Getty Images/iStockphoto

The Financial Conduct Authority has delayed publishing its ESG labelling regime until the end of the year.

The watchdog's chief executive Nikhil Rathi confirmed in a 17 July update with Sam Woods, deputy governor of prudential regulation at the Bank of England, that a policy statement for the Sustainability Disclosure Requirements would not be expected until the fourth quarter of 2023.

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