How to apply


Organisations will have to submit an annual Stewardship Report explaining how they have applied the Code over a 12-month period. The Report must be reviewed and approved by the applicant’s governing body, and signed by the chair, chief executive or chief investment officer.

To be included in the first list of signatories, organisations must submit a final report for 1 January 2020 - 31 December 2020, by 31 March 2021 for asset managers and service providers, and 30 April 2021 for asset owners. Applications received after the appropriate deadline will be processed following the next application deadline - 31 October 2021. From 2022 the spring application deadline will be 30 April for all applicants.

Organisations following a calendar year or different reporting periods may apply by 31 October 2021 and if successful will be added to the signatory list once updated. Reports must be submitted by the second deadline which follows the reporting year. 

Existing signatories to the 2012 Code will need to apply to the 2020 Code by submitting a Stewardship Report that demonstrates how they apply the Code.

How to submit your Stewardship Report 

Before submitting your Report

Please read the following documents:

Submitting your Report

When you are ready to submit your Report, complete Application Form. You can find a sample of the form here
You will then be sent an email containing a link. Click the link, attach your Report and send.

Do not amend the subject header. Reports should be in a single PDF or Word document and must not exceed 20 MB. Do not encrypt the Report.


The FRC will evaluate Reports and notify organisations of the outcome of their application shortly before the first list of signatories is published. Organisations that meet the reporting expectations will be listed as signatories to the Code on the FRC website with a link to their report.

Unsuccessful applicants will be privately notified, provided with feedback, and may re-apply in October. Applicants that submit their report in October and are unsuccessful may re-apply in the following year with an updated reporting period.


Once the applicant has been accepted as a Code signatory and the Report is approved by the FRC, the Report will be a public document and must also be made available on the signatory’s website.

A list of signatories to the 2020 Code will be published on the FRC’s website in summer 2021. Later applicants to the Code, if successful, will be added to the list. Signatories to the 2020 Code will have to annually update and submit their report to remain on the list.