FCA group launches consultation on vote disclosure regime for asset managers

Vote Reporting Group

The FCA-convened Vote Reporting Group has proposed a vote reporting template for asset managers to explain their voting activity to their clients, in a consultation launched this month.

The regulator established the working group last year to develop a standardised vote disclosure regime for UK asset managers on the back of recommendations from the Taskforce on Pension Scheme Voting Implementation (TPSVI). The proposals - which are those of the group rather than the FCA - will seek to arm asset owners with relevant and comparable data to assist them in their decision-making. Chaired by Deborah Gilshan, founder of The 100% Club, and comprising representatives from key stakeholder groups, the Vote Reporting Group has met monthly since November 2022. FCA delays imple...