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The Proxy Advisors (Shareholders' Rights) Regulations 2019

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The Proxy Advisors (Shareholders' Rights) Regulations 2019 is up to date with all changes known to be in force on or before 30 July 2024. There are changes that may be brought into force at a future date. Help about Changes to Legislation

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Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.

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Changes and effects yet to be applied to :

  • Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
  • reg. 2(1) words omitted by S.I. 2019/1370 reg. 5(3)(a)(i) (This amendment not applied to legislation.gov.uk. The affecting statutory instrument has no legal effect. It was made under a procedure which meant that it ceased to have effect 28 days after signing unless it was debated and approved in Parliament within that time. It was not debated and approved within 28 days, so it has expired with no effect.)
  • reg. 2(1) words omitted by S.I. 2019/1370 reg. 5(3)(b) (This amendment not applied to legislation.gov.uk. The affecting statutory instrument has no legal effect. It was made under a procedure which meant that it ceased to have effect 28 days after signing unless it was debated and approved in Parliament within that time. It was not debated and approved within 28 days, so it has expired with no effect.)
  • reg. 2(1) words substituted by S.I. 2019/1370 reg. 5(3)(a)(ii) (This amendment not applied to legislation.gov.uk. The affecting statutory instrument has no legal effect. It was made under a procedure which meant that it ceased to have effect 28 days after signing unless it was debated and approved in Parliament within that time. It was not debated and approved within 28 days, so it has expired with no effect.)
  • reg. 2(2)(a) words inserted by S.I. 2019/1370 reg. 5(4)(a) (This amendment not applied to legislation.gov.uk. The affecting statutory instrument has no legal effect. It was made under a procedure which meant that it ceased to have effect 28 days after signing unless it was debated and approved in Parliament within that time. It was not debated and approved within 28 days, so it has expired with no effect.)
  • reg. 2(2)(b) substituted by S.I. 2019/1370 reg. 5(4)(b) (This amendment not applied to legislation.gov.uk. The affecting statutory instrument has no legal effect. It was made under a procedure which meant that it ceased to have effect 28 days after signing unless it was debated and approved in Parliament within that time. It was not debated and approved within 28 days, so it has expired with no effect.)
  • reg. 22(8)(b) omitted by S.I. 2019/1370 reg. 5(5) (This amendment not applied to legislation.gov.uk. The affecting statutory instrument has no legal effect. It was made under a procedure which meant that it ceased to have effect 28 days after signing unless it was debated and approved in Parliament within that time. It was not debated and approved within 28 days, so it has expired with no effect.)
  • reg. 26(5)(b) words substituted by S.I. 2019/1370 reg. 5(6) (This amendment not applied to legislation.gov.uk. The affecting statutory instrument has no legal effect. It was made under a procedure which meant that it ceased to have effect 28 days after signing unless it was debated and approved in Parliament within that time. It was not debated and approved within 28 days, so it has expired with no effect.)
  • reg. 30(a) words omitted by S.I. 2019/1370 reg. 5(7) (This amendment not applied to legislation.gov.uk. The affecting statutory instrument has no legal effect. It was made under a procedure which meant that it ceased to have effect 28 days after signing unless it was debated and approved in Parliament within that time. It was not debated and approved within 28 days, so it has expired with no effect.)
  • reg. 30(b) words omitted by S.I. 2019/1370 reg. 5(7) (This amendment not applied to legislation.gov.uk. The affecting statutory instrument has no legal effect. It was made under a procedure which meant that it ceased to have effect 28 days after signing unless it was debated and approved in Parliament within that time. It was not debated and approved within 28 days, so it has expired with no effect.)
  1. Introductory Text

  2. PART 1 General

    1. 1.Citation and commencement

    2. 2.Interpretation

  3. PART 2 Transparency requirements in relation to proxy advisors

    1. 3.Code of conduct of proxy advisors

    2. 4.Information giving assurance about the accuracy and reliability of advice

    3. 5.Conflicts of interest

    4. 6.Obligation to collect and update information

  4. PART 3 Functions of the FCA in relation to proxy advisors

    1. 7.Interpretation of Part

    2. 8.Functions of the FCA

    3. 9.Notice of inability or failure to comply with a relevant requirement

    4. 10.Complaints

    5. 11.Public censure

    6. 12.Financial penalties

    7. 13.Warning notice

    8. 14.Decision notice

    9. 15.Matters to which FCA must have regard in relation to imposition of penalties

    10. 16.Statement of policy on imposition of penalties

    11. 17.Statement of policy on imposition of penalties: procedure

    12. 18.Misleading the FCA

    13. 19.Restriction on penalties

  5. PART 4 Application of provisions of the Act for the purposes of Part 3

    1. 20.General provision

    2. 21.Hearings and appeals

    3. 22.Application of Part 11 of the Act

    4. 23.Information given by an auditor

    5. 24.Restrictions on disclosure of information

    6. 25.Application of Part 25 of the Act

    7. 26.Application of Part 26 of the Act

    8. 27.Application of Part 27 of the Act

    9. 28.Application of Schedule 1ZA to the Act: penalties, fees and exemption from liability in damages

  6. PART 5 Application of the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001

    1. 29.Permitted disclosure of confidential information

  7. PART 6 Public list of proxy advisors

    1. 30.Interpretation

    2. 31.Public list of proxy advisors

    3. 32.Removal of a proxy advisor from the public list

  8. Signature

  9. Explanatory Note

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