In August 2022, the UK Financial Conduct Authority (FCA) issued its Dear CEO letter setting out its Alternatives Supervisory Strategy. This letter touched on several issues that are at the core of our mission here at the SBAI, including risk management, culture and responsible investment.
In this article, we discuss some of the points raised by the FCA and where we can be helpful to firms reviewing their processes and controls following on from this letter.
We respond to the US SEC's request for public comment on ESG disclosures for private fund advisers. Key points raised include support for the distinction between different types of ESG strategies and a requirement for a degree of flexibility for asset managers to be able to fully describe their strategies.
We respond to the International Sustainability Standards Board's (ISSB) consultation on Climate Related Disclosures. Key points raised include clarity of scope and a later effective date for asset managers reliant on issuer disclosures.
We respond to the International Sustainability Standards Board's (ISSB) consultation on general sustainability disclosures in financial statements. Key points raised include clarity of scope and additional guidance recommendations for asset managers.