ShareSoc News

ShareSoc and UKSA joint response to the FCA Sector Views consultation

ShareSoc and UKSA joint response to the FCA Sector Views consultation is available here.

Response to FRC Post Implementation Review of 2016 Ethical and Auditing Standards

UKSA and ShareSoc made a a joint response to the FRC Post Implementation Review of 2016 Ethical and Auditing Standards The main points we made were: We welcome the FRC’s decision to hold a post-implementation review of the 2016 Ethical and Auditing standards. The audit profession and audits are in a state of crisis. The recent cases of Carillion, Conviviality, Patisserie Holdings, Flybe and Interserve make investors very worried as to whether they can trust accounts. It is not just the high ...

ShareSoc and UKSA joint response to FRC Post Implementation Review of 2016 Ethical and Auditing Standards

ShareSoc and UKSA joint response to FRC Post Implementation Review of 2016 Ethical and Auditing Standards is available here.

ShareSoc and UKSA joint response to CMA Update Paper on UK audit market

ShareSoc and UKSA joint response to CMA Update Paper on UK audit market is available here.

Response to CMA Audit Market Study Update Paper

The UK Shareholders Association and ShareSoc have made a joint submission to the Competition and Markets Authority (CMA) in response to the update paper they have issued relating to their audit market study. Our submission is available here: CMA - Response to Update Paper Final The key points we made were: The need for radical change The Siren voices, from those involved who argue for limited change, should be ignored. The quality of audits needs to be improved. Peer review is a good ...

ShareSoc Response to Parliamentary Enquiry on the Future of Audit

ShareSoc and the UK Shareholders Association have submitted this joint response on behalf of individual investors to the House of Commons BEIS Committee enquiry on the future of audit. It is a joint response from UKSA and ShareSoc on behalf of individual investors. UKSA and ShareSoc represent the interests of private shareholders. In addition to our own members, there are 5 million people who own shares and have investment accounts with platforms in the UK. The Office for National Statistics estimates that individual investors ...

ShareSoc and UKSA joint response to BEIS Parliamentary Committee on Future of Audit

ShareSoc and UKSA joint response to BEIS Parliamentary Committee on Future of Audit is available here.

Small shareholders renew bid to make RBS a better run company

Press release 108 - Small shareholders renew bid to make RBS a better run company RBS Shareholders Requisition Shareholder Resolution for a Shareholder Committee. Over 100 shareholders in the Royal Bank of Scotland (RBS) have requisitioned a resolution to install a "Shareholder Committee" at the company, which will include shareholder representatives, to improve the corporate governance and shareholder engagement at RBS. RBS will now have to put this proposal to a vote at their Annual General Meeting (AGM) in May 2019. ShareSoc ...

ShareSoc and UKSA’s joint response to the FCA consultation on Illiquid Assets

ShareSoc and UKSA’s joint response to the FCA consultation on Illiquid Assets is available here

Response to Illiquid Assets Consultation cp18-27

Today, 17 December 2018, ShareSoc and  the UK Shareholders Association  submitted to the FCA a joint response on behalf of individual investors to this consultation. The key points we made were: UKSA and ShareSoc represent the 5 million people who own shares and have investment accounts with platforms in the UK. We represent the individual investors who own 12% of the UK stock market: they own 30%, if you include their investments via funds, pensions, etc. Our view is that better labelling of these ...