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. 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.
Applicants will be required to complete a short online application form giving information about their organisation, contact details and accepting the application Terms and Conditions. They will then submit their organisation’s Stewardship Report to a dedicated inbox.
More information about the submission process and how to apply will be published on the FRC’s website in early March 2021.
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.