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Broadridge Rising as Go-To Answer for Main Monetary Intermediaries for New European Shareholder Rights Directive (SRD II)

NEW YORK and LONDON, July 14, 2020 /PRNewswire/ — Responding to the pressing want for monetary establishments globally to adjust to the European Fee’s (EC’s) up to date Shareholder Rights Directive (SRD II) by the September 3, 2020, deadline, Broadridge Monetary Options, Inc. (NYSE:BR), a worldwide Fintech chief, has introduced a document variety of new signings for its multiple-industry, award-winning SRD II answer.  Broadridge is now onboarding these new purchasers, that are primarily based each inside and out of doors of Europe and embody each retail- and institutional-focused corporations to its production-ready SRD II answer for world proxy voting and shareholder disclosure.

Along with supporting its present shopper base of over 60 world and native custodian corporations for SRD II, Broadridge has obtained unprecedented worldwide demand because the EC reconfirmed the September deadline, signing new purchasers throughout markets in Europe and North America, together with a number of tier-one banks, brokers and wealth managers.

“We’re witnessing robust demand, and we’re market-ready with our end-to-end answer throughout the shareholder communications chain,” stated Demi Derem, the Broadridge government who’s spearheading world SRD efforts. “It’s essential for corporations to maneuver forward with a powerful answer with confirmed viability for all in-scope markets – from the simple to essentially the most advanced – whereas concurrently assembly stringent European shopper knowledge requirements.”

Because the inception of SRD II, Broadridge has proactively engaged with {industry} authorities and market individuals all through the investor communications lifecycle, culminating in its enhanced World Proxy answer that features same-day occasion seize and distribution, same-day proxy vote processing and vote confirmations, superior multi-channel retail performance and European shopper knowledge storage.  It has additionally launched the Shareholder Disclosure Hub, an industry-wide digital answer, using the newest API- and blockchain-based applied sciences to handle SRD II’s new shareholder disclosure necessities.

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“SRD II heralds a significant step ahead for company governance requirements in Europe, bringing higher transparency and effectivity to investor communications, and driving increased requirements of stewardship and improved ranges of investor engagement,” stated Markus Kaum, founding companion at Governance & Values, a European firm centered on company governance and shareholder engagement providers. “Whereas some intermediaries, equivalent to world custodians, are totally conscious of their new obligations beneath SRD II and duly ready, for a lot of different corporations within the banking, brokerage and wealth industries the availability of providers, equivalent to proxy voting and shareholder disclosure, are new and, with September 2020 quick approaching, they can not afford to delay.”

The scope of SRD II is world, impacting any monetary middleman holding or servicing European equities, no matter the place the agency is situated.

About Broadridge

Broadridge Monetary Options, Inc. (NYSE: BR), a U.S. $4 billion world Fintech chief, is a number one supplier of investor communications and technology-driven options to banks, broker-dealers, asset and wealth managers and company issuers. Broadridge’s infrastructure underpins proxy voting providers for over 50 % of public firms and mutual funds globally, and processes on common greater than U.S. $7 trillion in fastened revenue and fairness securities trades per day. Broadridge is a part of the S&P 500® Index and employs over 11,000 associates in 18 nations. For extra details about Broadridge, please go to www.broadridge.com.

Contacts:
Buyers:
W. Edings Thibault
Head of Investor Relations
Broadridge Monetary Options, Inc.
+1 516-472-5129
[email protected]

Media:
North America:
Matthew Luongo
Prosek Companions
+1 646-396-0966
[email protected]

Europe:
Charlie Morrow
Cognito
+44 (0) 20 7426 9400
[email protected] 

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SOURCE Broadridge Monetary Options, Inc.

Associated Hyperlinks

http://www.broadridge.com

Jung Min-seo

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