Greenwash Crackdown
FCA toughens up on greenwashing.
The UK's Financial Conduct Authority (FCA) has rolled out strict anti-greenwashing rules, leaving banks and asset managers scrambling to play by the new rules.
This is one of the most important trends for you to be aware of right now.
And today we look at what it means for law firms and their clients so you can impress in interviews!
What's Going On?
UK banks and asset managers woke up on Friday to find out they now have to follow some of the toughest anti-greenwashing rules ever. The FCA wants to make sure no one is pretending their financial products are greener than they actually are. This means everything from marketing brochures to fund documentation is now under the microscope.
Some folks in the industry were crossing their fingers for a delay, but nope—the FCA was having none of it. They announced back in April that the new rules were coming, so firms had to spring into action. These rules are going to cover a whole lot of communications within the finance sector.
Hold on. What is greenwashing?
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