Gustavo Bernal Torres
U.K. Regulator Publishes Signatories To Stewardship Code
Third of those that applied to be signatories failed to pass review process, says the Financial Reporting Council
Several of the world’s biggest asset managers, including Schroders, State Street Global Advisors and JPMorgan Asset Management, are absent from a list of signatories to the UK’s influential stewardship code following a revamp that imposed tougher reporting requirements on investors.
The FRC said in a release that two-thirds of 189 applicants representing asset owners, managers and service providers made the 2020 signatories list, with those 125 representing a collective £20 trillion ($27.7 trillion) in assets.