The SFC’s revised Fund Manager Code of Conduct (FMCC) came into effect last year, with all in-scope managers being impacted by latest 20 November 2022.
The changes concern climate governance and disclosures, and apply regardless of the "ESG-ness" of the fund manager, their strategies or funds (ESG meaning environment, social and governance topics.).
Reactions in the market were varied, from push-back to confusion (as well as some enthusiasm) – so we wrote some articles to help:
Consider the four questions at the end of this article to determine what action to comply is required (spoiler alert: doing nothing is not an option).
While compliance is bringing about these new climate considerations, in this article, we explain their value from a much broader context.
This article anchors the new requirements in more familiar risk language, plus goes into detail on the crucial terms of ‘relevant’ and ‘material’.
The revised FMCC brings Hong Kong in line with many other jurisdictions. Get in touch if we can help with any of these new climate requirements… before the regulators take action!
Wishing you a positive 2023, Fiona
