UK steps closer to SRD II adoption

Proxy vote confirmations one step closer as UK publishes SRDII implementation plans The UK government has published the full text of its planned Shareholder Rights Directive (SRD II) legislation as it moves closer to bringing the new rules into law.  Despite the country’s exit from the European Union, the UK has been working on incorporating […]

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US business lobbies press for laws on boardroom diversity

Greek companies will soon be mandated to meet a 25% female quota on their boards following a landmark decision for gender diversity. The quota requirement has been included as an amendment to the bill transposing the EU Shareholder Rights Directive II (SRD II) into Greek law, and is the result of a consultation led by […]

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EU-wide task force appointed as NFRD reform gathers pace

European Commission pushes ahead with SRD II The European Commission will proceed with the implementation of the second Shareholder Rights Directive (SRD II), defying protests from some post-trade groups. As a result, the second phase of SRD II will come into force on 3 September 2020, as originally scheduled. The first phase of implementation saw […]

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Consumer groups slam attempt to delay SRD II

Investor organisations have hit out at lobbying from custodians, securities lenders and other financial services groups to delay the implementation of the second Shareholder Rights Directive (SRD II). In a letter to the European Commission, EU consumer group Better Finance called for the directive to be implemented as planned as any delay would “deteriorate the […]

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The Financial Conduct Authority

The Financial Conduct Authority (FCA) has updated its proxy advisor enforcement rules following industry feedback. The update follows the regulator’s proxy advisor Shareholders’ Rights Regulations (SRD II), which came into force in June, that gave the FCA powers to discipline and investigate proxy advisors. The regulations require proxy advisors to disclose how they produce their […]

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Shareholder Rights Directive pensions trustees

The UK government has outlined what it expects of pensions trustees under the new Shareholder Rights Directive II (SRD II), in an announcement made this month. SRD II was introduced to improve transparency and stewardship of occupational pensions schemes so members and stakeholders could better understand their investments. The schemes are required to document and […]

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