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FCA forces funds to drop ‘ESG’ labels in greenwashing crackdown
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fnlondon.comAsset managers could soon be forced to remove ESG and sustainability branding from their funds if they fail to meet the Financial Conduct Authority’s new green criteria.
As part of rules set to come into effect next year, asset managers will be barred from using terms like "green" to market funds that do not meet the regulator's standards.
The...
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