How to apply

Application

Organisations will have to submit a final 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.

Organisations are free to choose the 12-month period that their report will cover. Many applicants choose to report to the calendar year, or to their own financial year. 
 
There will be two application deadlines each year - 30 April and 31 October. An organisation has two opportunities to apply to become a signatory, before having to update the reporting year of their submission. 
 
If the reporting period ends between 1 November and 30 April, then the first opportunity to apply will be 30 April, and the second opportunity will be 31 October. If the reporting period ends between 1 May and 31 October, then the first opportunity to apply will be 31 October and the second opportunity will be in the following April.
 
Applicants who apply at the First Application Deadline and are unsuccessful may re-apply by the Second Application Deadline with a revised report covering the same reporting period (or an updated reporting period). Applicants who are apply for the first time at the Second Application Deadline and are unsuccessful will need to submit an application that covers the next reporting year and is appropriate to the deadline.
 
 



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 the 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.

Assessment

Reports submitted to the FRC are read in full and assessed against the Principles and reporting expectations of the Code in a way that is proportionate to the organisation’s size and type. This assessment is then reviewed and discussed among FRC staff to ensure it is fair and appropriate. A sample of reports reflecting a range of applicants are reviewed by the FRC’s panel of independent advisors to ensure consistency.
 
Both successful and unsuccessful applicants are provided a summary of where their reporting met our expectations and where improvement is required when re-applying to the Code. 

Unsuccessful applicants may address the feedback and re-apply in a future reporting window (see table above).
 

Publication

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. The signatory must also make it available on their website within one month of being notified by the FRC.

On the 6 September 2021, the FRC released the UK Stewardship Code 2020 signatory list. 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.