FCA proposes expanding climate-risk disclosure rules

Disclosure key in place of the enter key on a keyboard

The UK’s Financial Conduct Authority is seeking feedback on proposals to expand climate risk disclosures to members of the asset management and wider non-bank community.  

In a statement today, the FCA said it is looking to introduce climate-related disclosure rules for asset managers, life insurers and regulated pension providers.

The disclosures would be aligned to recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD). The regulator is also proposing to

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