ICI Response to FCA Quarterly Consultation

ICI submitted a response to two issues covered in the most recent Financial Conduct Authority "Quarterly Consultation." 

In our response, we expressed support for the FCA’s proposal to remove the existing TCFD product reporting requirements and to replace them with the targeted, outcomes-based rules proposed by the FCA. We also expressed support for the FCA’s proposal to reconsider its current approach of refraining from authorizing a fund referencing cryptoassets in its objectives despite UCITS and NURS technically being permitted to invest into certain cETNs, and instead to explicitly permit UCITS schemes and NURS to hold cETNs under certain conditions.