FRC publishes updated list of successful signatories to the UK Stewardship Code

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12 Sep, 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 43 new signatories following the Spring 2022 assessment, taking the total number of signatories to 236, with assets under management (AUM) of £40.7tn, up from £33.3tn. 

The FRC were encouraged that signatories who were reporting for their second year, having first applied in 2021, had in most cases used the feedback they received to improve their reporting.  However it did identify that improvements can be made in the reporting of activities and outcomes using both quantitative and qualitative evidence.

Further information is available on the FRC website

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