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Regulatory Round-up: UK FCA delays ESG disclosures proposal; Australia reviews carbon credit system

By Victor Smart

The UK Financial Conduct Authority has delayed publishing proposals for new sustainability disclosure requirements for asset managers and asset owners, for at least three months. The agency now plans to consult on the sustainable investment labels in the autumn “to allow us to take account of other international policy initiatives and ensure stakeholders have time to consider these issues”.

The case for regulating ESG data and ratings is becoming increasingly stronger as the UK FCA has thrown its weight behind the idea. The FCA says it sees “a clear rationale for regulatory oversight of certain ESG data and rating providers” in line with proposals made late last year by the International Organization for Securities Commissions.

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