FCA proposes simplified climate reporting rules for investment products
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 wider work to streamline sustainability reporting for asset managers and FCA‑regulated asset owners.
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