Wealth Management

FCA scraps SDR rollout for wealth managers

Watchdog leaves portfolio managers in limbo after indefinitely postponing SDR

The UK regulator said it is ‘not the right time to finalise rules on extending SDR to portfolio management’
The UK regulator said it is ‘not the right time to finalise rules on extending SDR to portfolio management’ Photo: PHOTO: Getty

The Financial Conduct Authority has ditched plans to make wealth managers adopt its ESG fund labelling regime.

The watchdog announced last April that it would extend its Sustainability Disclosure Requirements to portfolio managers as part of its greenwashing crackdown.

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