Author: Leah Hodgson
Publication: PitchBook News
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In the UK, SV Health Managers LLP (registered in England OC 308829, VAT 227 0451 34) is authorised and regulated by the Financial Conduct Authority ('FCA'). It is entered into the FCA's register and with registration number 409119. The registered office is 71 Kingsway, London, WC2B 6ST.
Shareholder Rights Directive (SRDII) On 31st May 2019 the FCA issued their Policy Statement 19/13 (PS19/13). This made changes to the FCA Handbook to implement the requirements of the amended Shareholder Rights Directive established by the European Union. The changes to the Handbook come into force on 10th June 2019 and introduce requirements for asset managers and insurers to publish details of their engagement policy. Investment management for International Biotechnology Trust plc is undertaken by SV Health Managers LLP (SVHM) and follows the principles of the UK Stewardship Code, a copy of which can be found here. We believe this document meets all of the new requirements described in PS19/13, however as highlighted by the FCA in their policy statement there continues to be significant developments under consideration in relation to stewardship and relevant transparent disclosure. We will continue to take a close interest in these developments expected over the near future and will assess and adjust our disclosures in the context of these developments to ensure that all requirements are met or exceeded.