Technology provider Broadridge has expanded access to its Shareholder Disclosure Solution to the Australian, Hong Kong, and UK markets. The solution uses blockchain technology and APIs to support client workflow and connectivity needs, assisting in meeting specific regulatory requirements in the three jurisdictions. Its objective is to heighten transparency and automation through the digitisation of shareholder disclosures, supporting market intermediaries – including banks, brokers, wealth managers and central securities depositories – that must respond to disclosure requests from issuers under the Shareholder Rights Directive II. Demi Derem, General Manager of International Corporate Governance at Broadridge, said: “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.” The UK, Australia and Hong Kong have specific disclosure requirements: UK Section 793 (Companies Act 2006), Australia Section 672 (Corporations Act 2001) and Hong Kong Section 329 (Securities and Futures Ordinance). Broadridge’s Shareholder Disclosure solution can now support firms needing to adhere to these regulations and seamlessly process their disclosure requests through a single centralised platform.
