Results for: FCA

The Financial Conduct Authority (FCA) is extending its sustainability regulations to a broader range of investment products in an ongoing effort to combat greenwashing. This move follows the implementation of anti-greenwashing rules in November 2022, aimed at protecting retail investors from misleading sustainability claims. The expanded rules will cover portfolio managers, ensuring that a wider range of products meet specific sustainability criteria. The FCA also issued guidance to assist firms in complying with the anti-greenwashing rule, emphasizing the importance of clear and substantiated claims.

The UK’s Financial Conduct Authority (FCA) is investigating how big tech firms’ access to vast amounts of data could benefit consumers and finance companies. If the FCA’s analysis finds that tech firms’ data could be beneficial in the financial services sector, it would aim to encourage more data sharing between tech and financial companies. The FCA is also concerned about the potential risks or harms from non-sharing of data and would collaborate with the Competition and Markets Authority (CMA) to develop proposals to enhance data sharing where feasible.