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Glossary
Proxy

An authority to act on behalf of a shareholder for the purpose of voting at a company’s meeting.
Proxy News
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ESMA finalises technical advice on CSDR penalty mechanism

The advice aims to incentivise all actors in the chain to improve settlement efficiency, following the recent proposal on the EU move to T+1
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Broadridge launches new communications data-driven platform

CommCentral offers AI-enabled query capabilities, customisable alerts, monitoring, and process automation for banks and broker dealers
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Fondenergia selects BNP Paribas for securities lending services

The Italy-based pension fund for workers in the energy sector will have access to BNP Paribas’ approach to technology and global operating model, as well as proxy voting and securities lending
Generic business image for news article Regulation
Buy-side associations take legal action against SEC over short-sale disclosure

AIMA, MFA and NAPFM file petition asking the US Court of Appeals to invalidate newly-adopted SEC rules on reporting and public disclosure of securities lending and short selling activity
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ISS and Strate partner on proxy voting solution

Through the collaboration, global and custodian banks using ISS’ GPD outsourced voting solutions will be able to use Strate’s central platform for the direct vote processing of South African issuers’ shareholder meetings
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RMA: Tax regulation: a 'labyrinth' creating collaborative opportunities

Tax regulation is a ‘labyrinth’ that is constantly changing, and is an entity that plays a prominent role in securities finance
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Clearstream and Proxymity launch digital general meeting service

The service is planned to go live by the end of the year and will use Proxymity’s Vote Connect service to deliver to German and Luxembourg markets
Generic business image for news article Industry
BoE Sec Lending Committee urges rethink on loan indemnification

In its most-recent meeting, the Bank of England Securities Lending Committee reflects on regulatory capital costs, potential implications for loan indemnification and the need for focus in preparing for US T+1 settlement