FRC publishes updated list of successful signatories to the UK Stewardship Code
15 Mar, 2022
The Financial Reporting Council (FRC) has published an updated list of successful signatories to the UK Stewardship Code (the Code) which sets high standards of stewardship for those investing money on behalf of UK savers and pensioners.
The Code is voluntary and sets an aspirational standard beyond minimum regulatory requirements in the UK. The Code comprises 12 ‘apply and explain’ Principles for asset owners and asset managers, with reporting expectations relevant to their role. In addition, there are six, separate ‘apply and explain’ Principles for service providers with reporting expectations.
The updated list includes successful applications who submitted a report in the latest application window (October 2021). The FRC received 105 applications, of which 74 were successful, taking the total number of signatories to 199. The FRC was pleased to see that a large number of investors and service providers want to demonstrate their commitment to effective stewardship.
Further information is available on the FRC website.