In July the FCA published its Guiding Principles on design, delivery and disclosure of ESG and sustainable investment funds. Taking the form of a Dear Chair letter the Principles are a statement of the FCA’s expectations for authorised funds sold that incorporate ESG attributes. Defined as ‘key considerations’ the FCA has also provided guidance and examples to help firms. While the Principles are written in an accessible way and incorporate some practical detail on interpretation the IA and Eversheds Sutherland have produced joint guidance on interpreting and applying the FCA Guiding Principles in practice to help members implement the Principles and ensure more consistent customer communications. Our guidance includes commentary on the each of the FCA Principles, guidance on scope of the Principles, a prospectus check list, as well as a section on timing and how we think the Principles interacts with SFDR. To add further value for members the guidance also contains some fictitious specimen funds that we have annotated to try to explain how the Principles may apply in practice. You can read the report here.