New regulations

Updates introduced for various international regulatory reforms on stewardship

January 19th, 2024


The UK, Japan, the International Sustainability Standards Board (ISSB) and International Internal Audit Standards Board (IIASB) have all published updates on stewardship regulatory reforms.

The UK Financial Conduct …

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SFDR

SFDR criticised over fund labelling and mandatory disclosures

January 12th, 2024


Assets managers have called for a new approach to fund labelling and mandatory disclosures in the European Commission’s Sustainable Financial Disclosure Regulation (SFDR).

In response to a consultation on …

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Due Diligence

DQ Entertainment fine highlights importance of governance breaches

December 21st, 2023


Three directors of DQ Entertainment have been fined $30.8 million in a landmark ruling for fraudulent and reckless trading and other breaches of company law.

Directors Rashida Adenwala, Tapaas …

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Global warming and climate change

FRC identifies TCFD disclosures as area of focus

December 14th, 2023


The Financial Reporting Council (FRC) will include climate-related risks, including Task Force on Climate-Related Financial Disclosures (TCFD), as one of its key areas of supervisory focus for 2024/25 financial …

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Climate change

SEC delays climate disclosure rules 

December 12th, 2023


The Securities and Exchange Commission (SEC) has pushed the expected adoption of its final climate disclosure rules until April 2024.

The US regulator released its Fall 2023 Reg Flex Agenda, which …

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TCFD Climate Disclosures

IFRS takes over monitoring climate-related disclosures from TCFD

December 8th, 2023


The International Financial Reporting Standards Foundation (IFRS) will oversee companies’ climate-related disclosures following the disbanding of the Task Force for Climate-related Financial Disclosures (TCFD).

The Financial Stability Board (FSB) …

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climate change, sustainability agreement

GRI and EFRAG partner for interoperability index 

December 6th, 2023


The Global Reporting Initiative (GRI) and the European Financial Reporting Advisory Group (EFRAG) have partnered to launch the GRI-ESRS Interoperability Index, which gives guidance on how to align both …

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FCA confirms final SDR and labelling guide

November 29th, 2023


The Financial Conduct Authority (FCA) has revealed its final Sustainability Disclosure Requirements (SDR) and investment label regime, including a new ‘mixed goal’ label.

The final statement outlines the new labelling …

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Blocks spelling out SDR against a green background

FCA warns many firms not meeting SDR standards

November 17th, 2023


The UK Financial Conduct Authority (FCA) found many firms must improve their disclosures to meet the Sustainability Disclosure Requirements (SDR).

The FCA published its review on how Authorised Fund …

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Net zero, greenhouse gas emissions

Businesses urge UK government to set out net zero strategy

November 9th, 2023


A coalition of UK businesses is calling on the UK Chancellor Jeremy Hunt to outline the government’s long-term net zero plan in his upcoming Autumn Statement.

In …

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