The EU’s Shareholder Rights Directive II (SRD II) could be an excellent opportunity for intermediary businesses – chiefly issuer central securities depositories (CSDs) – to augment their STP (straight-through-processing) capabilities. However, significant concerns have yet to be addressed about the extent of the regulation’s harmonisation on a cross-border basis.
SRD II demands intermediaries in the custody chain identify shareholders in EU listed companies and relay that information back to the issuers.
The full article is available at https://www.globalcustodian.com/srd-ii-pave-way-csd-innovation-data-stp/