WM Shareholder Rights Directive Hub
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SRD II – Solution for intermediaries
The 2nd Shareholder Rights Directive II (SRD II) and its transposition into the respective national laws are associated with far-reaching new requirements for intermediaries. Among the duties imposed on all custodian banks, information on shareholder identity and shareholder identification are among the greatest challenges.
On the one hand, intermediaries are required to comply fully and immediately with the request of stock corporations to disclose their shareholders. On the other hand, in fulfilling this obligation, personal data must be passed on that requires the highest standards of security and data protection.
Secure identification of shareholders with the WM-SRD-Hub
WM Datenservice, a reliable partner of the European financial industry for over 70 years, offers with its WM-SRD-Hub a compliant, multi-client capable but at the same time user-friendly solution. By bringing issuers and intermediaries together on one platform, the SRD hub enables secure feedback of shareholder identities to the inquiring company.
Targeted addressing and dissemination in data feeds
For issuers, the WM-SRD hub represents the central point of access, which enables a targeted approach to the relevant players with regard to the request for disclosure of shareholder identity. Simultaneous dissemination via the proven WM data feeds ensures additional dissemination of the information.
Highest security standards
Using the WM-SRD-Hub, Intermediaries fulfil their obligations in compliance with the highest security standards. All transmissions are carried out according to the highest standards with end-toend encryption as well as encryption of the data to be transmitted.