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Industry news

Broadridge expands Shareholder Disclosure solution


09 November 2023 UK, Australia, Hong Kong
Reporter: Carmella Haswell

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Image: Sashkin/stock.adobe.com
Fintech firm Broadridge has further expanded its Shareholder Disclosure solution to meet the specific regulatory requirements within the UK, Australia and Hong Kong markets.

Currently live in all three markets, the solution uses next-generation blockchain technology and APIs to support client workflow and connectivity needs.

It aims to increase transparency and automation through the digitisation of shareholder disclosures, supporting market intermediaries that are obliged to respond to disclosure requests from issuers under the Shareholder Rights Directive (SRD) II.

Broadridge’s solution will support firms needing to adhere to these regulations — UK Section 793 (Companies Act 2006), Australia Section 672 (Corporations Act 2001) and Hong Kong Section 329 (Securities and Futures Ordinance) — and process their disclosure requests through one centralised platform.

Commenting on the announcement, Demi Derem, general manager of international corporate governance, digital transformation and market innovation at Broadridge, says: “Financial intermediary shareholder disclosure obligations are not unique to European SRD markets.

“Our latest service expansion allows financial intermediaries to meet their shareholder disclosure obligations in the UK, Australia and Hong Kong. The investments made to build out our shareholder disclosure solution underlines our commitment to drive market-wide increased governance and transparency.”
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