Showing posts with label trustee company. Show all posts
Showing posts with label trustee company. Show all posts

Thursday, 24 October 2019

UK: The Stewardship Code 2020

The Financial Reporting Council has today published a revised edition of the UK Stewardship Code: see here (pdf). This new Code - titled the Stewardship Code 2020 - is effective from 1 January 2020 and is accompanied by a feedback statement: see here (pdf). The Code contains Principles for asset managers and asset owners and a separate set of Principles for service providers. It operates on the basis of "apply and explain".

Wednesday, 13 May 2009

Australia: the Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009

An exposure draft of the Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009 has been published: see here (pdf) or here (rtf). A commentary is available here (pdf) and here (rtf). One of the purposes of the Bill is to introduce national regulation of trustee companies - those that provide personal trustee and estate administration services - for the first time in Australia's history. Further information is available in this press release. For background information about trustee companies see the green paper published by the Australian Treasury in 2008.