Broadridge Financial Solutions has launched its vote execution service into the Spanish market, in an effort to assist all Spanish financial intermediaries with their Shareholder Rights Directive II compliance
BME, through Iberclear, its central securities depository, is to launch a new digital proxy voting service for shareholders’ meetings, expected to go live in Q1 2022
Getting to the point of T+1 or even T+0 will be a question of funding, investment in technology, and testing the efficiency of links and connectivity in the settlement chain, according to Samuel Riley of Clearstream
“The launch represents an important milestone in fostering direct communication between issuers and their shareholders while bringing increased efficiencies to the market,” says Isabelle Delorme
Over the next 12 months, Broadridge hopes many of the current operational challenges will be resolved but expects an ongoing high focus in this area, especially for global intermediaries
Broadridge’s solution is already live and is providing Cecabank’s domestic and cross-border institutional clients with a fully automated global proxy voting service
The solution, which will cover European shareholder meetings, will use Broadridge’s global proxy solution and includes a straight-through processing connection to SLIB’s Votaccess platform