Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Revised UK stewardship code published
United Kingdom | Publication | June 2025
The Financial Reporting Council announced in a press release on June 3, 2025, that it has published a revised stewardship code which will take effect from January 1, 2026.
Its key features include:
- Updated definition of stewardship: focuses on the principle of stewardship as the creation of long-term sustainable value for clients and beneficiaries.
- Reduced reporting burden: shorter 'how to report' prompts replace detailed reporting expectations. The aim is to reduce reporting volume by 20-30 per cent while maintaining quality.
- Targeted Principles: The Code now includes dedicated Principles for different types of signatories, including asset owners, asset managers, and for the first time, specific Principles for proxy advisors, investment consultants, and engagement service providers.
- New guidance: Optional guidance will provide useful tips and examples to support effective implementation, particularly for those managing non-equity asset classes.
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Recent publications
Publication
Essential Corporate News – Week ending 4 July 2025
On 3 July 2025 the UK Takeover Panel (Panel) published PCP 2025/1: Dual class share structures, IPOs and share buybacks (Consultation) setting out a proposed framework for the application of the UK Takeover Code (Code) to companies with dual class share structures (DCSS companies).
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