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On 5 April 2017, the ESMA published its report intended to assist the Commission in implementing the requirements of Articles 3(a)(8) and 3(b)(6) of the Shareholder Rights Directive, relating to the process...
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.
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.
