NGO highlights cross-border engagement issues
Despite recent moves to improve EU cross-border shareholders’ rights, increasing evidence suggests that engagement barriers remain between countries, according to European non-governmental organisation Better Finance.
The group, also known as The European Federation of Investors and Financial Services Users, is embarking on a research project looking into shareholders’ EU cross-border voting rights.
Better Finance is calling on shareholders to share their experience with issues such as received information and investee companies’ general meetings dates in light of the recent update to the Shareholder Rights Directive (SRD).
The updates, which came into force as SRD II in September 2020, mean depositary banks must share these notifications with shareholders, regardless of where companies are located in the EU.
ESMA announces 10 Year Anniversary Conference 22 December 2020
Corporate Information
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, will turn 10 on 1 January 2021 and, as part of our anniversary celebrations, we will host an online conference on 23 March to reflect on the progress the Authority has made as a financial regulator and look to its future.
ESMA starts its second decade as a mature market supervisory authority and a key component of the EU’s regulatory framework together with the other European Supervisory Authorities and the European Systemic Risk Board. Over the last 10 years, ESMA has pursued its objectives of protecting investors and ensuring orderly and stable markets by completing the single rulebook for EU financial markets, supervising EU-wide entities directly, conducting risk assessments and promoting supervisory convergence across EU member states.