Broadridge Financial Solutions has experienced a record number of new signings for its multi-industry Shareholder Rights Directive (SRD II) solution.
The solution was launched in response to the urgent requirement for financial institutions to comply with the European Commission’s updated SRD II, concerning global proxy voting and shareholder disclosure, by 3 September 2020.
Firms adopting Broadridge’s solution range from retail- and institutional-focused firms to tier-one banks, brokers and wealth managers, based both within and outside of European domiciles.
Broadridge’s Global Proxy solution allows firms to implement same-day event capture and distribution, same-day proxy vote processing and confirmations, multi-channel retail functionality, and European client data storage.
In addition, the digital Shareholder Disclosure Hub solution incorporates application programming interface- (API) and blockchain-based technologies to ensure compliance with new SRD requirements.
Demi Derem, executive general manager for global SRD II measures at Broadridge, commented: “We are witnessing strong demand, and we are market-ready with our end-to-end solution across the shareholder communications chain. It is crucial for firms to move ahead with a strong solution with proven viability for all in-scope markets while simultaneously meeting stringent European client data standards.”
