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Update on UK government and FCA regulatory developments - ESG and climate change

In the context of COP26, the UK has taken the opportunity to issue an array of documents and proposals, hoping to establish its credentials (post Brexit) as a leading light on ESG and climate change, and a rival to the EU, which is already well down the track with its own ambitious proposals. 

Some EU initiatives are indeed already in force (eg the Sustainable Finance Disclosure Regulation or SFDR) and others are shortly to begin to apply (eg the EU Taxonomy Regulation).

This bulletin gives a snapshot of key UK proposals as relevant to banks, investment firms, asset/fund managers and advisers in the UK.