Vote Reporting: A consultation and discussion paper from the Vote Reporting Group

Read the consultation[1]

Why the Vote Reporting Group is consulting 

The aim of the consultation is to build industry consensus on a voluntary vote reporting template for asset managers in the UK.

These proposals should provide asset owners with more consistent, up-to-date and comparable data, allowing asset owners to make timely and accurate decisions while increasing reporting efficiency for asset managers.

The proposals in this consultation from the Vote Reporting Group (the Group) flow from other recent regulatory and industry-led work. 

The proposals are those of the Group and not the FCA. 

Who this is for 

This consultation applies to: 

• Asset managers  

The following may also be interested: 

• Asset owners 
• Public companies   
• Consumers and their representative bodies 
• Industry groups and trade bodies  
• Investment consultants 
• Non-governmental organisations  
• Other service providers eg vote data 
• Proxy advisers 
• Regulatory bodies and policy makers 

Next steps 

This consultation has now closed. The FCA as Secretariat will be reviewing responses and submitting a summary to the Vote Reporting Group. The Group will then decide on next steps.

Background 

In November 2022, the FCA established the Group as an independent working group to build an industry consensus for a voluntary comprehensive vote reporting template for UK asset managers. The Group has 31 members from across industry drawn from the key trade associations and is independently chaired. The FCA is an observer and provides the Secretariat.