Financial regulator catagorises signatories to the Stewardship Code, as it praises much improved reporting against the Code and greater transparency in the UK market.
The Financial Reporting Council (FRC) has categorised signatories to the Stewardship Code into tiers based on the quality of their Code statements.
According to the FRC, the assessment demonstrates much improved reporting against the Code and greater transparency in the UK market.
There are nearly 300 signatories to the Code, with 120 in Tier 1, an increase from approximately 40 at the beginning of the exercise. This represents nearly 90% of assets under management of members of the Investment Association.
The assessments focused on
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