The FCA has provided an update in relation to its consultation paper “Extending the Sustainability Disclosure Requirements (SDR) regime to Portfolio Management” which closed on 14 June 2024.  

The FCA has stated on its consultation webpage that it wants to ensure an extension of SDR to portfolio management delivers good outcomes for consumers, is practical for firms and supports growth of the sector. 

The Policy Statement resulting from the consultation is therefore no longer intended to be published in Q2 2025.  The FCA states that it will continue to reflect on the feedback and provide further information in due course. Firms can therefore expect a further wait until they see how the SDR regime will be applied to portfolio management services.