Statement
New UK regulatory developments support the asset owner's right to develop voting policies on environmental, social and governance (ESG) issues which are considered to be financially material to their investments.   

However, asset owners are not able to exercise their voting rights due to the refusal by the fund management industry to implement their voting policies in pooled fund arrangements as matter of policy across all clients. 

I, the undersigned, believe that this represents an infringement upon asset owners' rights which requires intervention by the Financial Conduct Authority to resolve.



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