This report provides an FRC overview of the stewardship reporting assessed in the Spring 2022 period and explains how our expectations for reporting will evolve for the 2023 assessment year. We provide guidance for reporting on engagement and exercising rights and responsibilities, which adds to the areas we have covered in previous publications to give greater clarity and illustrate our expectations of reporting. We also give guidance on our expectations of reporting by asset owners and those investing through a third-party manager.