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ARTICLE · 01 SEPTEMBER 2025

New UK Stewardship Code 2026 Published By The Financial Reporting Council

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The Financial Reporting Council (the FRC) published the UK Stewardship Code 2026 (the 2026 Code) on 3 June 2025, replacing the current UK Stewardship Code 2020 (the 2020 Code).

United KingdomFinance and Banking
Mikhaelle Schiappacasse
Mikhaelle Schiappacasse
Philippa List
Philippa List

The Financial Reporting Council (the FRC) published the UK Stewardship Code 2026 (the 2026 Code) on 3 June 2025, replacing the current UK Stewardship Code 2020 (the 2020 Code).

The 2026 Code has been finalised following industry engagement that began with preliminary discussions in February 2024, followed by formal consultation between 11 November 2024 and 19 February 2025. The process involved over 1,500 stakeholders and incorporated insights from four years of reporting under the previous 2020 Code.

Timing

The 2026 Code takes effect from 1 January 2026. The 2026 Code will have two application windows to submit reports;

  1. spring 2026, with applications from (a) asset managers and service providers due by 30 April 2026 and (b) asset owners due by 31 May 2026; and

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