Authors: Peter Bevan, Harry Eddis, Raza Naeem

UK , EU - Shareholder Rights Directive II: Are EU and non-EU custodians and other intermediaries ready for their new compliance obligations?

From 3 September, the second phase of the Shareholder Rights Directive II (SRD II) requirements become applicable. Custodians and other intermediaries (e.g. CSDs, private banks and prime brokers) based in or outside of the European Union (EU) will be subject to additional regulatory obligations to help facilitate shareholder engagement in EU listed shares of EU issuers. Our note seeks to highlight recent developments that will impact in-scope firms.