On 5 April 2017, the European Securities and Markets Association ("ESMA") published its report intended to assist the European Commission ("Commission") in implementing the requirements of Articles 3(a)(8) and 3(b)(6) of the Shareholder Rights Directive, relating to the process, format and timeline for shareholder identification and transmission of information.
In the report, ESMA proposes that the Commission's implementing acts achieve harmonisation across national regulatory frameworks for the identification of and communication with shareholders. The report assesses the current national regulatory requirements to assess the current level of harmonisation and suggests ways in which the new requirements could be best implemented.
ESMA's report is available at:
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
