DNB and Proxymity partner to launch SRD II-compliant service into Norwegian market
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DNB and Proxymity partner to launch SRD II-compliant service into Norwegian market 05 July 2023Norway Reporter: Klea Neza
Image: Morten Almeland
Proxymity’s Shareholder Insights service has been introduced to the Norwegian market through a partnership with Oslo-headquartered financial service DNB.
Proxymity’s service was integrated into DNB’s operations on the same day the Shareholder Rights Directive II (SRD II) came into effect in Norway (3 July).
Proxymity’s Shareholder Insights service identifies compliant shareholders and aims to eliminate the operational and technological burdens associated with such processes.
The service also offers connectivity between central securities depositories , issuers, intermediaries and account operators to promote communication and transparency.
Proxymity’s Shareholder Insights service is available to DNB’s issuer clients. It will act as an account operator, ensuring compliance with all relevant EU regulations.
DNB is Norway’s largest financial institution, specialising in corporate banking and public capital markets.
Dean Little, CEO of Proxymity, says: “Our collaboration with DNB represents a significant milestone for Proxymity. Together, we are not only enhancing transparency in shareholder communications, but also promoting technological innovation that aligns with emerging regulatory demands. As SRD II takes effect in Norway, our shared vision for efficient and compliant shareholder disclosures is now a reality.”
Nicolai Christensen, senior vice president ofDNB market securities services, comments: “At DNB, we are relentlessly focused on providing our clients with innovative, client-centric solutions.
“The introduction of Proxymity’s Shareholder Insights service underpins our commitment to digital innovation and regulatory compliance. This robust solution will fundamentally transform our clients’ interactions with shareholders.”
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Image: Morten Almeland 