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Asset managers face higher product launch costs amid City watchdog’s second SDR delay
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Further delays to the City regulator's ESG disclosure rules could end up costing asset managers that are waiting on clarity from the watchdog to greenlight product launches.
Buried in a regulatory update on 17 July, the Financial Conduct Authority said a policy statement for its green fund labelling regime would be published at the end of 2023 instead of the third quarter as previously signposted.
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