The requirements for sustainable investment funds in the EU are relatively clear today. Many elements of the Sustainable Finance Disclosures Regulation (SFDR) came into force in March 2021, with the remaining (Level 2) requirements in force from January 2023. The situation in the UK is somewhat more of a work-in-progress, with the FCA's first detailed proposals released in November 2021 in a discussion paper. While some guidance was provided by the FCA in a ‘Dear AFM (Authorised Fund Manager) Chair' letter in July 2021, many UK fund boards currently have more questions than answers when ...
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