The EU Shareholder Rights Directive, or SRD II, requires EU asset managers to provide Shareholder Identification information on request to issuers. The requirement, which came into effect in September 2020, states that at the request of a securities issuer, asset managers and other intermediaries must provide information about the identities of all eligible shareholders by the next business day. Considering the fast turnaround time for these data-intensive requests, an automated solution is the only way to mitigate the operational challenges and risks of SRD II.
TCS Financial Solutions conducted a detailed analysis of the full SRD II requirements, including the specific capabilities needed for compliance by asset management and asset servicing firms. Find out how TCS BaNCS for Corporate Actions was upgraded to include a complete solution for Shareholder Identification compliance.