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FRC overhauls 2026 UK Stewardship Code: four-yearly policy/context reporting, annual activities/outcomes, clarified stewardship aims and long-term value focus, merged engagement principles, 2026 transition year

Published on: 05 June 2025

Published by a Law360 reporter
Legal News
Article summary

The FRC reported that nearly 300 asset managers, pension providers and others have signed on to the Code. They collectively oversee £50trn in assets under management and will now have clearer reporting requirements explaining how they intend to provide long-term value for investors. Richard Moriarty, the FRC’s Chief Executive, said in a statement that the refreshed code prioritises long-term, sustainable value creation, trims unnecessary reporting and lifts the quality of engagement. The current signatories to the voluntary code include BlackRock Inc and HSBC Global Asset Management (UK) Ltd, two of the largest asset managers. The FRC said it brought in the changes after more than 1,500 discussions with relevant businesses. The simplified Code has been introduced following a four-month consultation that concluded in February 2025...

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