{
  "url": "https://openlegislation.uk/proxy-advisors-shareholders-rights-regulations-2019/regulation-4",
  "json_url": "https://openlegislation.uk/proxy-advisors-shareholders-rights-regulations-2019/regulation-4.json",
  "legislation": "uksi/2019/926",
  "legislation_title": "The Proxy Advisors (Shareholders' Rights) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/proxy-advisors-shareholders-rights-regulations-2019",
  "path": "regulation/4",
  "kind": "regulation",
  "number": "4",
  "heading": "Information giving assurance about the accuracy and reliability of advice",
  "text": "(1) With the object of giving the clients of a proxy advisor (“P”) assurance about the accuracy and reliability of P's proxy advisor services, P must disclose to the public the following information relating to P's preparation of research, advice and voting recommendations—\n(a) the essential features of the methodologies and models applied for the provision of those services;\n(b) the main sources of information used for the provision of those services;\n(c) the procedures put in place to ensure that P's research, advice and voting recommendations are of an adequate quality and are prepared by staff who are suitably qualified to prepare them;\n(d) whether P takes account of national market, legal, regulatory and company-specific conditions, and if P does so, how P takes account of those matters;\n(e) the essential features of the voting policies applied for each market;\n(f) whether P has a dialogue with the company which is the object of P's research, advice or voting recommendations, or with persons who have a stake in that company, and if P does so, the extent and nature of the dialogue; and\n(g) P's policy regarding the prevention and management of potential conflicts of interest.\n(2) This regulation does not have effect in relation to any information of a kind specified in paragraph (1) if, or so far as, that information is disclosed to the public in compliance with regulation 3.\n(3) All information which P is required to disclose under paragraph (1) must be—\n(a) disclosed by publication on P's website;\n(b) published for the first time no later than the end of P's first financial year starting after 10th June 2019; and\n(c) made available free of charge for a period of at least three years beginning with the date on which it is published for the first time.\n(4) All information published by P in accordance with paragraph (3) must be updated—\n(a) for the first time no later than the end of the period of twelve months beginning with the date on which it was first published; and\n(b) subsequently, at intervals of no more than twelve months beginning with the date on which it was last updated.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 4 in force at 10.6.2019, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/926/regulation/4",
    "retrieved_at": "2026-10-28T22:40:38.633146+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}