FCA to improve shareholder engagement
05 February 2019 London
Image: Shutterstock
The Financial Conduct Authority (FCA) has published a new consultation paper on proposals to improve shareholder engagement.
As part of the consultation paper release, the International Securities Lending Association is now in the process of reviewing the proposals and the implications for securities lending activity.
The consultation proposes measures to implement the provisions of the amended Shareholder Rights Directive (SRD II) for FCA-regulated life insurers and asset managers, as well as for issuers of shares in respect of related party transactions.
The directive comes into effect in June this year and, assuming a transition period for EU Withdrawal is agreed, will need to be transposed in the UK. SRD II aims to promote effective stewardship and long-term investment decision-making.
As part of the consultation paper release, the International Securities Lending Association is now in the process of reviewing the proposals and the implications for securities lending activity.
The consultation proposes measures to implement the provisions of the amended Shareholder Rights Directive (SRD II) for FCA-regulated life insurers and asset managers, as well as for issuers of shares in respect of related party transactions.
The directive comes into effect in June this year and, assuming a transition period for EU Withdrawal is agreed, will need to be transposed in the UK. SRD II aims to promote effective stewardship and long-term investment decision-making.
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