{
  "url": "https://openlegislation.uk/proxy-advisors-shareholders-rights-regulations-2019/regulation-5",
  "json_url": "https://openlegislation.uk/proxy-advisors-shareholders-rights-regulations-2019/regulation-5.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/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Conflicts of interest",
  "text": "(1) A proxy advisor (“P”) must take all appropriate steps to ensure—\n(a) that P identifies any actual or potential conflict of interest or any business relationship that may influence P in the preparation of research, advice or voting recommendations; and\n(b) that such a conflict of interest or business relationship is identified without delay after the time at which it arises.\n(2) Where P has identified an actual or potential conflict of interest or a business relationship of the kind specified in paragraph (1), P must, without delay—\n(a) disclose that fact to P's clients together with particulars of the conflict of interest or business relationship concerned; and\n(b) give P's clients a statement of the action P has undertaken to eliminate, mitigate or manage the conflict of interest or business relationship concerned.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 5 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/5",
    "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."
}