Legal & Regulatory News
FCA consults on climate-related disclosure rules
22 June 2021The UK Financial Conduct Authority (FCA) published two new proposals on climate related disclosure rules for listed companies and certain regulated firms on 22 June 2021. The proposals follow the introduction of climate related disclosure rules for prominent listed commercial companies in December 2020.
The first consultation (CP21/17) proposes the introduction of a climate-related financial disclosure regime in line with the Task Force on Climate-related Financial Disclosures (TFCD). This regime is structured for asset managers, life insurers and FCA-regulated pension providers.
The second consultation (CP21/18) sets out proposals to extend the application of the TCFD-aligned Listing Rule for premium-listed commercial companies to include issuers of standard listed equity shares. This consultation also seeks recommendations on ESG topics in capital markets with a specification for green and sustainable debt markets and the function of ESG data rating providers.
The deadline for feedback for both consultations is 10 September 2021.
Click here for FCA press release.
Click here for full access to CP21/17.
Click here for full access to CP21/18.