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FCA Softens TCFD Mandate for Issuers with ‘Comply or Explain’ Rules 

UK regulator clarifies next steps toward mandatory climate-related disclosures.  

The Financial Conduct Authority (FCA) has announced that the introduction of mandatory disclosures for UK-listed companies in line with the Task Force on Climate-related Financial Disclosures (TCFD) will be introduced next year on a “comply or explain” basis. This follows respondents to the UK regulator’s consultation asking for more flexibility in complying with the disclosure requirements in the…

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