FRC publishes factsheet on UK Stewardship Code 2026 implementation
The Financial Reporting Council (FRC) has introduced the UK Stewardship Code 2026, setting out updated principles for effective stewardship and higher expectations of transparency for asset owners, asset managers and relevant service providers, following extensive consultation with more than 1,500 stakeholders to refine and focus the Code on stewardship activity and outcomes. Effective from 1 January 2026, the Code introduces a more flexible, proportionate reporting framework and designates 2026 as a transition year for existing signatories, who will remain on the signatory list if they submit a report during their usual application window and may use the year to adapt their reporting approach ahead of full assessment from 2027. New applicants in 2026 remain subject to a full assessment against the 2026 Code. All signatories must submit a self‑contained report comprising a Policy and Context Disclosure and an Activities and Outcomes Report, either separately or combined, with limited cross‑referencing permitted, and reporting may be structured narratively or by principle. The FRC confirmed application deadlines for 2026 and committed to providing ongoing guidance, feedback and engagement through publications, webinars and direct support to assist organisations in meeting the Code’s requirements.