Capital Precision and Euroclear to centralise shareholder ID data
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Capital Precision and Euroclear to centralise shareholder ID data 10 October 2011Brussels Reporter: Anna Reitman
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Capital Precision and Euroclear have signed a cooperation agreement to centralise the provision of
worldwide shareholder identification data to equity issuers in key markets.
The joint service offering is expected to cover equities issued in Belgium, Finland, France, Sweden and The Netherlands – equating to over 30 per cent of equity market capitalisation in Europe.
Under the agreement, Euroclear will liaise with issuers seeking to identify their shareholders worldwide, while Capital Precision will identify the issuer's shareholders from outside the issuer's home market and provide benchmark and shareholder profile information to the issuer.
"The ultimate goal of having complete and accurate information concerning company shareholders worldwide is rapidly becoming a reality. Against the backdrop of sweeping regulatory changes
aimed at strengthening corporate governance through greater shareholder transparency, in cooperation with Capital Precision, we will be able to equip issuers with greater shareholder knowledge," says Jo Van de Velde, managing director and head of product management at Euroclear.
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