The FCA, under Conduct of Business Rule 2.2, requires FCA authorised firms to either disclose their compliance or explain their non-compliance with the principles set out in the UK Financial Reporting Council’s Stewardship Code (the Code).
Markham Rae LLP is regulated by the FCA and therefore subject to the Code, which aims to enhance the quality of engagement between institutional investors and companies to help improve long term returns to shareholders and the efficient exercise of governance responsibilities.
Markham Rae supports the aims of the Code, but does not currently invest in equities, and consequently does not consider the Code to be appropriate for its’ investment strategies. Should this change, we will review our commitment to the Code at that time and make appropriate disclosure.
For further details, please contact:
Chief Operating Officer
Markham Rae LLP