FCA proposes simplified climate reporting rules for investment products
Product-level TCFD reports would be replaced by simpler targeted disclosure for retail investors, a change the regulator puts at around £20m a year in savings.
On Friday, the Financial Conduct Authority proposed simplifying climate reporting for investment products, saying the change could save investment firms around £20m a year by replacing detailed product-level Task Force on Climate-related Financial Disclosures (TCFD) reports with simpler, targeted information for retail investors. The consultation appears in the FCA’s quarterly consultation paper, CP26/17, and frames the change as part of…
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