U.K. Fund Managers Face More ESG-Labeling Rules Than EU Peers.

The U.K.'s Financial Conduct Authority released a consultation paper on Wednesday outlining an initial approach for how asset managers should label ESG products. (Bloomberg) -- Asset managers in the U.K. may be facing more rules dictating how to classify environmental, social and governance investments than their peers in the European Union, creating extra red tape for firms that do business in both jurisdictions. [Extracted from the article]