FCA Publishes New Consultation on Shareholder Engagement

On the 30th January, The Financial Conduct Authority (FCA) published a new consultation paper on proposals to improve shareholder engagement.

This consultation proposes regulatory measures to implement the provisions of the amended Shareholder Rights Directive (SRD II) for FCA-regulated life insurers and asset managers, as well as for issuers of shares in respect of related party transactions. The Directive comes into effect in June 2019 and, assuming a transition period for EU Withdrawal is agreed, will need to be transposed in the UK. SRD II aims to promote effective stewardship and long-term investment decision-making.

ISLA is in the process of reviewing the proposals and the implications for securities lending activity.  Further communication on its findings and thoughts on a potential response on behalf of the industry will follow in due course.

Click here to view full details of the paper

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