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FCA welcomes move to bring ESG ratings providers into regulation

News ESG Statements & Speeches
Date: 15th Nov, 2024 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

"On November 15, 2024, the Financial Conduct Authority issued an update regarding FCA welcomes move to bring ESG ratings providers into regulation. The FCA supports bringing ESG ratings providers into regulation to improve transparency and trust in the market, as financial services firms increasingly rely on third-party ESG data and ratings services. This move aligns with the IOSCO recommendations, focusing on transparency, good governance, managing conflicts of interest, and proper systems and controls."

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Financial Conduct Authority

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