James Doyle,Chartered FCSI

The Financial Reporting Council has significantly revised the UK Stewardship Code, introducing five new priority areas and reducing reporting burdens for signatories ➡️ bit.ly/3zNpOtK This means investment stewardship teams can dedicate more resources to engaging with portfolio companies, driving real-world change and promoting sustainable investment practices 🌍🌱 These changes align with our mission to streamline the engagement process and enhance the effectiveness of stewardship activities 📈 #InvestmentStewardship #SustainableInvesting #UKStewardshipCode #FRC

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📃 The FCA has taken a key step towards shaping the new UK prospectus regime with the release of its consultation (CP24/12). We've prepared a high-level briefing that outlines some key aspects of the 360-page document relevant to debt issuance, and how the new proposals differ from the current UK requirements and current / future EU requirements. We also highlight areas for discussion with the FCA during the consultation process. Read the full briefing here: https://okt.to/5z8rD6

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The Financial Reporting Council (FRC) has launched its consultation on the proposed updates to the UK Stewardship Code, which the organisation said would be focused on supporting economic growth and investment as well as “delivering increased transparency”. The FRC said it also wanted to streamline reporting requirements and reduce burdens for signatories and “ensure a clearer focus on the purpose of Stewardship and the outcomes that it delivers”. Industry reaction has been mixed. "It's interesting to see the FRC's definition of stewardship shift to "sustainable value" focused on clients and beneficiaries, dropping explicit references to "the environment and society”,” said Lindsey Stewart, CFA, Director of Investment Stewardship Research and Policy at Morningstar Sustainalytics. #stewardship #reporting #corporategovernance #fundoperator #investmentmanagement #regulation Read more here 👇

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Global asset manager abrdn is set to adopt the Sustainability Focus label for both its UK Sustainable and Responsible Investment Equity fund and Global Sustainable and Responsible Investment Equity fund from 20 February 2025. Author: Michael N. https://lnkd.in/eJuck6zJ #FundLabel #Sustainability #EquityFund

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The Financial Conduct Authority recently published its findings that Link Fund Solutions, as authorised corporate director, did not act with due skill, care and diligence in its management of Woodford Equity Income Fund. Although retail investors were most affected, parallels might be seen with the case of a hosting platform or an AIFM Manco failing properly to supervise the underlying fund managers on its platform. Click below for more about this in our April 2024 Regulatory Newsletter.... #fca #compliance #RQCGroup

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The UK’s Financial Conduct Authority has published a consultation on the UK prospectus regime. The proposed new rules aim to reduce the cost of listing on UK markets and make it easier to raise capital on the UK public markets. In this briefing, we look at what the changes would mean for IPOs and secondary fundraisings. Read the full briefing here: https://lnkd.in/e_zEJX36 #Corporate #CapitalMarkets

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The FCA’s consultation on exercise of its powers under the new prospectus regime is closing on 18 October 2024.   The new framework replaces the UK Prospectus Regulation and provides the FCA with greater discretion to shape future rules.   🍃The key proposals of interest to issuers from a #sustainability perspective are: • New sustainability-related disclosure requirements for prospectuses • Specific disclosures for debt securities issuers • Introduction of a Protected Forward-Looking Statement regime for certain financial and operational information in prospectuses   This marks a significant push towards more quantitative sustainability disclosures and offers issuers new protections for forward-looking statements. Stay informed and find out more using the link in the comments. 👇 #ESG #SustainabilityDisclosures #ESGreporting

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📢 New Release: HM Treasury's Areas of Research Interest 2024 📢 This pivotal document outlines the UK government's research priorities. This comprehensive guide highlights the critical economic and policy challenges shaping the country’s future and sets the stage for collaboration between government, academia, and industry. ➡️ Read the full document here: https://lnkd.in/eVXtHinA

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Updates on Bundled Commissions, Sustainability Disclosures and more. Our recent alert brings together a mix of regulatory developments during May.... https://lnkd.in/eg-cu6K4

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FCA's sustainability labels to boost trust among advisers. Financial Conduct Authority (FCA) Sustainability Disclosure Requirements (SDR) labels will increase trust in sustainability claims for the majority of financial advisers and wealth managers, according to the annual ESG Attitudes Tracker from the The Association of Investment Companies (AIC) (AIC). Nick Britton, CFA, MCSI. Check out Sahar Nazir's latest article 👇 https://incm.pub/3NAkIF4 #financialadviser #investment #investmentmanagement #finance

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FBC digital meeting today, 23 April 2023, 2-3pm UK time: Evaluating Fund Board Effectiveness. As the regulatory demands on fund board directors continue to grow, how can fund boards reassure themselves that they are operating as effectively as possible? The meeting will explore how firms evaluate the performance of their boards, including in key areas such as; - the value of board reviews as a means of assessing board operations - nature and scope of these reviews - who’s involved - how the outputs are used. We also will share initial insights from FBC’s detailed research in this area and speak to two senior governance professionals who will provide their perspectives and examples of good practice when it comes to evaluating board effectiveness in the UK, Ireland and Luxembourg; Daniel Rotherford, Global Head of Product Management and Governance at HSBC Global Asset Management, and Frank Johnson, iNED Chair at First Sentier Investors (UK) Funds Ltd. FBC Corporate Members can still register here: https://lnkd.in/eYt7d6nN Shiv Taneja, Catherine Battershill, Brandon Horwitz, Simon Hynes, Peter Christmas, Fiona Evans

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We are pleased to announce the publication of our Annual Report for the year ending 31 March 2024, marking significant progress in delivering pooling, investing in the UK, and embracing diversity. Key Highlights: Asset Growth: Assets under stewardship have grown to £29.9 billion Cost Savings: Achieved breakeven on investment cost savings for Partner Funds with cumulative net savings at £15.5 million, with an improved projection to achieve £339.1 million by 2033/34 Investing in the UK: £5.2 billion of assets are invested in the UK, including £593 million in UK private market investments. We are committed to supporting the UK economy and have over £2 billion of committed funds ready for further investments Diversity & Inclusion: We continue to champion diversity with 45% of employees from minority ethnic backgrounds and 37% female representation. Responsible Investment: Our dedication to responsible investment is underscored by 5-star PRI scores in 5 out of 6 categories and over 80% in each section of the UN PRI Assessment Report Our commitment to our Partner Funds and their scheme members remains stronger than ever as we continue to focus on sustainable growth, innovative investment solutions, and fostering diversity and inclusion https://lnkd.in/ea3du3fk #pooling #Investment #Sustainability #DiversityAndInclusion #ResponsibleInvestment #Finance #AssetManagement #UKInvestments #Growth #LGPSCentral

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📃 Over the summer, the #FCA took a further step towards "filling in the blanks" of the replacement UK prospectus regime. Consultation Paper CP24/12, published by the FCA at the end of July, sets out the FCA's policy conclusions on the detail of the UK public offer and admission to trading (POATRs) regime. The 360-page paper also includes draft rules for the FCA Handbook and draft Annexes with proposed prospectus disclosure requirements. The deadline for comments on the FCA Consultation is not until mid-October. Moreover, the FCA has indicated that it is planning a separate consultation later this year on the UK retail debt market, likely in "late Q4".  Nonetheless, we have prepared a high-level briefing on CP24/12, outlining key aspects and their impact for debt issuance. In the briefing, we indicate some of the areas where we will be following up with the UK FCA with requests for further clarifications. Additionally, with the EU prospectus regime also in flux, we have highlighted not only how the FCA proposals differ from the current UK regime but, also, how they differ from current and future EU requirements. Read the full briefing 👉 https://lnkd.in/eeWcDsVr

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📢 #MMIteractive24 Leeds - The FCA: Retirement Income Review In 2023, the FCA launched a thematic review of retirement income advice to evaluate how well consumers meet their income needs and how firms adapt to rising living costs. Join Kate Tuckley for an in-depth look at the findings and implications of this review. Discover how the FCA is assessing the retirement income advice market and what it means for the future of financial planning. Just over a week to go - register now 👉 https://ow.ly/5vx550TLem8 #RetirementIncome #FCAReview #FinancialAdvice #ConsumerProtection

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🚨 Just 1 to go! 🚨 Join our exclusive webinar on the evolving landscape of sustainable finance and the new FCA anti-greenwashing rules. Join us to delve into: 1. The FCA’s anti-greenwashing rules 2. Reducing the risk of a greenwashing probe 3. Preparing for the SDR regime and sustainable finance Don't miss this chance to stay ahead. Register now! 🔗 Register here: https://lnkd.in/e_wQfBZr #SustainableFinance #ESG #FCA #Webinar #GreenFinance

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