U.K. Fund Managers Face More ESG Red Tape With New Proposal.

Keywords: 0629846DBB; 2630281ZLN; BUSINESS; COS; EUROPE; FIN; GOV; INDUSTRIES; MARKETS; SUSTAIN; UK; WORLD EN 0629846DBB 2630281ZLN BUSINESS COS EUROPE FIN GOV INDUSTRIES MARKETS SUSTAIN UK WORLD 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. 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. [Extracted from the article]