The FCA (Financial Conduct Authority) has introduced “a framework to facilitate and streamline the flow of robust, decision useful information between corporates, consumers and investors and capital markets”. For more information, please visit Sustainable investment labels and anti-greenwashing | FCA
The framework consists of:
- An Anti-Greenwashing Rule
- Labels and disclosure requirements for UK funds which includes Naming and Marketing Rules
- Requirements for distributors
For the purposes of this regulation, Quilter Cheviot is defined as a distributor for all its clients, be they discretionary or non-discretionary. The two key requirements are:
- We supply our clients with Consumer Facing Disclosures (CFDs) for those funds which produce these documents. These are produced for funds that have a label or are captured under the Naming and Marketing Rules. Your investment manager will provide you with a CFD on purchase of any fund which has one.
- To advise clients that overseas funds (recognised schemes including Exchange Traded Funds) are not subject to the requirements laid down by SDR.