Publication
New competition legal framework in Mexico: What you need to know
A major reform to the Mexican Federal Economic Competition Law has been published in the Federal Register, and is set to become effective.
Revised UK stewardship code published
United Kingdom | Publication | junio 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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