Euroclear’s CSDs launch new platform for shareholder analysis
22 April 2021 Belgium
Image: berezko/adobe.stock.com
Euroclear’s three central securities depositories (CSDs) in France, Belgium and the Netherlands (ESES CSDs) have rolled out a new shareholder identification service called InvestorInsight.
InvestorInsight is a cloud based service designed for issuers and intermediaries and allows issuers to manage their disclosure requests and receive a complete view of all their shareholders.
The new service launches in line with the new standards defined by the Shareholder Rights Directive II (SRD II), which was implemented in September last year.
SRD II affects any financial intermediary that holds or services European equities, irrespective of where the intermediary firm is located. It applies to all types of financial intermediaries, including banks and brokers, wealth managers and CSDs.
According to Euroclear, InvestorInsights provides a new level of transparency which includes full monitoring of shareholder responses.
It also produces data reports on collected information, and is set to create new opportunities for issuers to improve their corporate governance and engagement with their investor base.
During the pilot phase, which was done in close collaboration with issuers and intermediaries, the platform identified shareholders from over 130 countries; 600 intermediaries connected to InvestorInsight; more than 300,000 shareholders were identified and shareholder coverage consisted of 95 per cent of the total number of shares for certain companies.
Isabelle Delorme, chief business officer of ESES, says: “We are extremely pleased to announce that InvestorInsight is now live. The launch represents an important milestone in fostering direct communication between issuers and their shareholders while bringing increased efficiencies to the market.”
InvestorInsight is a cloud based service designed for issuers and intermediaries and allows issuers to manage their disclosure requests and receive a complete view of all their shareholders.
The new service launches in line with the new standards defined by the Shareholder Rights Directive II (SRD II), which was implemented in September last year.
SRD II affects any financial intermediary that holds or services European equities, irrespective of where the intermediary firm is located. It applies to all types of financial intermediaries, including banks and brokers, wealth managers and CSDs.
According to Euroclear, InvestorInsights provides a new level of transparency which includes full monitoring of shareholder responses.
It also produces data reports on collected information, and is set to create new opportunities for issuers to improve their corporate governance and engagement with their investor base.
During the pilot phase, which was done in close collaboration with issuers and intermediaries, the platform identified shareholders from over 130 countries; 600 intermediaries connected to InvestorInsight; more than 300,000 shareholders were identified and shareholder coverage consisted of 95 per cent of the total number of shares for certain companies.
Isabelle Delorme, chief business officer of ESES, says: “We are extremely pleased to announce that InvestorInsight is now live. The launch represents an important milestone in fostering direct communication between issuers and their shareholders while bringing increased efficiencies to the market.”
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