Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to take steps to ensure that sustainable investment labels will apply to (a) institutional and (b) retail funds.

The independent Financial Conduct Authority (FCA) are responsible for regulatory rules on sustainable investment levels. The FCA published a consultation paper on 25 October 2022 on Sustainability Disclosure Requirements and Investment Labels. The specific content of these rules is a matter for the FCA.

This consultation closed on 25 January this year and the FCA published a statement in March stating that it is considering feedback to the consultation and intends to publish the final rules in Q3 23.