Broadridge Simplifies Shareholder Disclosure Compliance for Hong Kongby Fintech News Hong Kong November 10, 2023
Broadridge Financial Solutions has expanded its Shareholder Disclosure solution to meet the specific regulatory requirements in Hong Kong, Australia, and the UK markets. The solution is now operating live in all three markets.
The solution leverages next-gen blockchain technology and intelligent APIs to support client workflow and connectivity needs.
According to Broadridge, it has a proven track record of increasing transparency and automation through the digitisation of shareholder disclosures, supporting market intermediaries that are obliged to respond to disclosure requests from issuers under SRD II.
Hong Kong, Australia, and the UK markets have specific disclosure requirements namely the Hong Kong Section 329 (Securities and Futures Ordinance), Australia Section 672 (Corporations Act 2001), and UK Section 793 (Companies Act 2006).
Broadridge’s Shareholder Disclosure solution can now support firms needing to adhere to these regulations and seamlessly process their disclosure requests through one centralised platform.
“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 industry leading shareholder disclosure solution underlines our commitment to drive market-wide increased governance and transparency.”
said Demi Derem, General Manager of International Corporate Governance, Digital Transformation and Market Innovation at Broadridge.