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FCA has not worked out investor cost of ESG regime, MPs told
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fnlondon.comThe Financial Conduct Authority has not worked out the potential costs investors may incur to leave green funds that would no longer qualify for the label under the its new ESG regime.
Mark Manning, technical specialist for sustainable finance and stewardship at the regulator, told MPs that “the cost wouldn’t be zero" for investors who previously believed they were in a green fund.
"The...
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