The Personal Investment Management & Financial Advice Association (PIMFA)

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PIMFA Response to EU consultation on amendments to Shareholder Rights Directive 8 May 18

PIMFA’s response to Public consultation on “minimum requirements implementing the provisions of Directive 2007/36/EC of the European Parliament and of the Council as regards shareholder identification, the transmission of information and the facilitation of the exercise of shareholders rights”. There are potentially significant operational issues arising from the proposals and, in our view, the proposals in this consultation do not fit well with the nominee account mechanisms in the UK and as a result add nothing to the existing UK framework, apart from additional and unnecessary cost and complexity
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