Building harmonized and standardized processed information flow between the issuer and the shareholder is key to success. In practice this means sharing information in standardized messaging.
Euroclear Finland has implemented general meeting and shareholder identification messages in September 2020. This will expedite and clarify the general meeting registration process and the delivery of voting instructions between the custody chain and the CSD as well as processing shareholder identification requests. Read more about the implications of SRDII on our website.
The SRDII requirements for Euroclear Finland are related to our existing general meeting services and to a new service, through which the equity issuer can identify its nominee-registered shareholders.We offer these services for general meetings and shareholder identification in September 2020. This has an effect on the tariffs for both equity issuers and participants. See our current tariffs.
A full compliance with SRDII will take years, since the readiness of EU markets to establish the necessary technical solutions varies. Hence, work still remains to be done to make processes more efficient and achieve harmonisation across the EU member states.
