This month we bring you the best bits from various regulators' speeches about the future regulatory model, improvements for standards in financial advice and what’s next for the FCA-Pensions Regulator joint strategy. Read on also for rumours of changes to the rules for unit-linked funds and new rules for non-UCITS retail schemes.

What next for green finance and climate change?

The FCA has released a new feedback statement that details its proposals to improve disclosures about climate change and the information available to consumers about green financial products and services. The priorities include:

• issuers’ climate change disclosures;
• regulated firms’ consideration of climate change risk and opportunities in their decision-making; and
• consumers’ access to green financial products and services.

In the feedback statement, the FCA explains the action that it will take to address these key areas. The next steps include:

• consulting the public about new rules to improve disclosures related to the climate by firms, plus a clarification of existing requirements;
• finalising rule changes to require Independent Governance Committees (IGCs) to manage and report on their environmental, social and governance stewardship policies;
• rule changes to allow investment in patient capital opportunities; and
• clarifying people's expectations of consumers' access to green financial products and services, with action to prevent consumers from being misled.