The FCA has published a statement today allowing temporary flexibility up until 5pm on 2 April 2025 for firms to comply with naming and marketing rules under the Sustainability Disclosure Requirements in exceptional circumstances where the firm:

• has submitted a completed application for approval of amended disclosures in line with ESG 5.3.2R for that fund by 5pm on 1 October 2024; and
• is currently using one or more of the terms ‘sustainable’, ‘sustainability’ or ‘impact’ (or a variation of those terms) in the name of that fund and is intending either to use a label, or to change the name of that fund.

The FCA expects firms to comply with the rules as soon as they can, without waiting until the extended deadline of 2 April 2025. 

The temporary flexibility does not apply to funds using other sustainability-related terms in their names that are not specified above.