The Financial Conduct Authority’s (FCA) new package of sustainability disclosure requirements (SDR) and investment labelling rules is a key pillar of the UK government’s efforts to introduce an economy-wide SDR regime. All FCA-authorised firms should pay attention to the anti-greenwashing rule which will come into force on 31 May 2024, and engage with the FCA’s consultation on its proposed anti-greenwashing guidance. In addition, UK asset managers and distributors should familiarise themselves with the new rules, including the new labels that they may choose to use from 31 July 2024. In this bulletin, we explain how the key components of the FCA’s new package fit together and highlight key considerations and actions for firms.