Fraud Warning
To reduce the likelihood of fraud always verify our company’s contact details (including telephone number) with those listed on the FCA’s online Financial Services Register.

Please be aware that during August 2019 we were alerted to the fact that fraudsters were impersonating Walter Scott and were offering bond investments. Walter Scott does not offer investments in bonds. If you are approached by fraudsters please report to the FCA using their share fraud reporting form or call their consumer helpline on +44(0)800 111 6768. If you have already paid money to fraudsters, you should contact the police at Action Fraud on +44(0)300 123 2040.

Conflicts of Interest

Conflicts of Interest

In the event of a conflict of interest, or potential conflict of interest, we follow our Conflicts of Interest Policy, which can be found at the link below.

Conflict of Interest Policy

Engagement

Engagement

Through engagement, we signal our intentions and expectations as a long-term shareholder, building strong relationships and achieving a more complete understanding of a company’s strategy and practices.

Engagement Policy

MiFID II

Markets in Financial Instruments Directive II (MIFID II)

In accordance with Article 65(6) of Commission Delegated Regulation (EU) 2017/565, please find below links to our disclosure on execution for the calendar years 2017, 2018 and 2019.

2017 – Top Five Brokers

2017 – Top Five Brokers (CSV Format)

2017 – Quality of Execution Obtained

 

2018 – Top Five Brokers

2018 – Top Five Brokers (CSV Format)

2018 – Quality of Execution Obtained

 

2019 – Top Five Brokers

2019 – Top Five Brokers (CSV Format)

2019 – Quality of Execution Obtained

Modern Slavery Statement

Modern Slavery Statement

As a firm, we are committed to preventing acts of modern slavery and human trafficking from within both its business and supply chains. Please find below a link to our annual statement.

2021 Modern Slavery Statement

2020 Modern Slavery Statement

2019 Modern Slavery Statement

2018 Modern Slavery Statement

2017 Modern Slavery Statement

 

Proxy Voting

Proxy Voting

Considered proxy voting helps us ensure strong corporate governance and protect long-term shareholder value. It allows us to express our views and initiate or contribute to positive change, and to protect and promote the interests of our clients. Our Proxy Voting Policy can be found below, along with details of our proxy voting activity.

Proxy Voting Policy

Proxy Voting Activity Q4 2020

Proxy Voting Activity Q3 2020

Proxy Voting Activity Q2 2020

Proxy Voting Activity Q1 2020

Proxy Voting Activity Q4 2019

 

Proxy Voting Disclosures

2019 Proxy Voting Disclosure

2018 Proxy Voting Disclosure

2017 Proxy Voting Disclosure

 

Responsible Investing Policy

Responsible Investing Policy

We believe integrity, sustainability and governance factors are important in assessing a company’s ability to prosper over the long term. Because of this, we fully integrate our assessment of these factors into our investment process. More details can be found in the link to our Responsible Investing Policy below.

Responsible Investing Policy

Shareholder Rights Directive II

Shareholder Rights Directive II

The revised EU Shareholder Rights Directive II (SRD II) is designed to facilitate the exercise of shareholder rights, encourage shareholder engagement with companies and set out new requirements for companies. The emphasis is very much on encouraging long-term shareholder engagement which should improve investee companies’ corporate governance and performance.

Shareholder Rights Directive II Annual Report Q4 2019 – Q3 2020

 

Stewardship Codes

Stewardship Codes

We support the aims and ethos of the UK Stewardship Code and Japan’s Stewardship Code and our responses to both are linked below.

We are a Tier 1 signatory to the 2012 UK Stewardship Code. In 2020, the UK Financial Reporting Council (FRC) issued an updated code building on the success of the 2012 Code and raising the bar in terms of activity and reporting. Our response to the 2020 Code has been submitted to the FRC for approval in line with its earliest deadline of 31 March 2021. The FRC’s stated intent is to publish a list of all signatories where responses were submitted by that deadline, and then approved, in summer 2021.

Response to UK Stewardship Code 2020

Response to UK Stewardship Code 2012

Response to Japan’s Stewardship Code

Response to Japan’s Stewardship Code (Japanese)

Sustainable Finance Disclosure Regulation (SFDR)

Sustainable Finance Disclosure Regulation (SFDR)

The European Union’s Sustainable Finance Disclosure Regulation (SFDR) aims for improved transparency and disclosure among EU financial market participants in respect of the integration of sustainability risks in their investment decision-making process. While SFDR has no direct impact on Walter Scott as a UK-regulated entity, we have chosen to make the following disclosures available on our website, in line with current SFDR requirements.

SFDR Article 3 – Sustainability Risks Policy

SFDR Article 4 – Adverse Sustainability Impacts

SFDR Article 5 – Remuneration Policy Disclosure