Complying with new regulatory requirements can be challenging for many firms.
Euroclear InvestorInsight® is a new service – which is now live – that can help you, as an intermediary, to fully comply with the new regulation on shareholder identification and meet your SRD II obligation simply, rapidly & efficiently.
Furthermore - this service is free-of-charge for intermediaries.
Euroclear InvestorInsight is a user-friendly web platform offering a comprehensive communication solution. It gives you choice and flexibility in determining the best way to receive and respond to disclosure requests.
Our team of experts are on hand to support you and help you improve the accuracy of shareholder identification information you are able to provide to issuers.
Under SRD II, how you are required to send your responses to shareholder identification requests will depend on the options chosen by the issuer. It also introduces new response deadlines and messaging criteria that all intermediaries will be obliged to meet.
Euroclear InvestorInsight, offers you a tailored shareholder identification service that will help you meet these needs.
Following an extensive testing phase we have refined the Euroclear InvestorInsight service to include a number of new functionalities that you asked us for.
Enhanced CSV file upload: We have simplified and enhanced the CSV file upload functionality for you to more easily report shareholder details.
We have developed a comprehensive set of communications means so, as an intermediary, you can decide which option best fits your needs.
A new web-based shareholder identification platform simplifies the shareholder identification process. Straightforward access and easy to use, the platform is available to issuers, third parties and intermediaries and offers choice through various communication means.
You also have the following ISO 20022 STP or file transfer connectivity options to interact with our shareholder identification platform:
You will need to register to access our shareholder identification platform if you are part of the holding chain for securities issued by an issuer using the service.
This registration process is simple and fast. You only need to complete a straight-forward webform which we will make available to you in time for you to be up and running, and ready to respond to shareholder identification requests.
Article 3 - one of the main changes introduced by SRD II - gives companies the right to identify their shareholders and creates an obligation on intermediaries to transmit the necessary information to determine shareholder identity.
SRD II introduces:
In order to meet these requirements:
Member States will have a compliance monitoring and enforcement policy, including penalties for non-compliance. These penalties can be severe.
User-friendly platform: easy onboarding - easy access
Tailored communication solution: multi-channel, multi-format solution - upload/download or screen consultation and improved support for CSV files
Enhanced functionalities: Dedicated admin role to boost security and oversight.
Reconciliation tools: Easily identify breaks between positions reported by different intermediaries in the holding chain
