UK: FCA finalises TCFD disclosure rules for FCA-regulated asset managers and standard listed companies

FCA-regulated asset managers and asset owners, including life insurers and pension providers, will have to disclose how they take climate-related risks and opportunities into account in managing investments. Under the new rules, they will also have to make disclosures about the climate-related attributes of their products.

The rules are set out in Policy Statement 21/24 (PS21/24) and come into effect from 1 January 2022 with a phased implementation, so that they apply initially to the largest firms and to smaller firms one year later.

For more information, see our client briefing.