In November 2023, the U.K.’s Financial Conduct Authority released policy statement PS23/16 on Sustainability Disclosure Requirements and investment labels. The rules cover a new “anti-greenwashing” rule; a voluntary labeling regime for products with a sustainability objective as part of their investment objective; product disclosure requirements; sustainability entity reporting; retail investor-specific requirements on naming and marketing; and consumer-facing product-level disclosures. In a guest article, Goodwin Procter attorneys Ajay Pathak, Andrew Henderson, Danielle Reyes and Chris Ormond discuss the key elements set out in PS23/16; examine how those rules compare and contrast with the SEC’s proposed rules on environmental, social and governance investment practices and fund names, as well as the E.U.’s sustainable finance legislation; and offer practical action points for fund managers in scope, both now and in anticipation of the future expansion of the U.K. regime to overseas funds marketed in the U.K. and to portfolio management. See “Rise of SFDR‑Compliant Funds Is Effectively Shifting Private Assets to Support European Net Zero Goals” (Sep. 19, 2024).