Innovative technology from Broadridge simplifies shareholder disclosure in the UK, Australia, and Hong Kong.
The multinational fintech company Broadridge Financial Solutions has extended its shareholder disclosure offering to satisfy the unique legal specifications in the UK, Australia, and Hong Kong markets.
The Broadridge disclosure solution supports client workflow and connection requirements by utilising sophisticated APIs and next-generation blockchain technologies. The Shareholder Disclosure solution from Broadridge can now assist businesses that must follow different requirements in Hong Kong, Australia, and the UK.
Additionally, the system gives businesses the ability to handle their disclosure requests on a single, centralised platform.
The new Shareholder Rights Directive (SRD II), an amendment to the SRD, was adopted by the European Council in June 2017 with the goal of promoting transparency and shareholder involvement by listed firms.
With the digitization of shareholder disclosures, Broadridge has established a track record of increasing automation and transparency throughout Europe. This has benefited market intermediaries, such as banks, brokers, wealth managers, and central securities depositories (CSDs), which are required by SRD II to reply to issuers’ disclosure requests.
According to Demi Derem, general manager of Broadridge’s worldwide corporate governance, digital transformation, and market innovation division, “shareholder disclosure requirements for financial intermediaries are not specific to European SRD markets.
Financial intermediaries can now fulfil their shareholder disclosure requirements in Hong Kong, Australia, and the UK thanks to our most recent service expansion. Moreover our commitment to promoting greater governance and transparency throughout the market is demonstrated by the investments we have made to develop our industry-leading shareholder disclosure solution.
Finally section 793 of the UK Companies Act 2006, Section 672 of the Australian Companies Act 2001, and Section 329 of the Hong Kong Securities and Futures Ordinance all contain special disclosure requirements.
