Broadridge Financial Solutions, Inc. has revealed a further expansion to its Shareholder Disclosure offering which will allow it to meet regulatory requirements in the UK, Australia and Hong Kong markets.
The leading global Fintech powerhouse made the move in a bid to reinforce its dedication to driving market-wide governance and transparency by providing financial intermediaries the tools to fulfil their shareholder disclosure obligations seamlessly.
The Shareholder Disclosure solution leverages next-gen blockchain technology and intelligent APIs to support client workflow and connectivity needs. Operating live in the UK, Australia, and Hong Kong markets, it aids in the digitisation of shareholder disclosures, assisting market intermediaries, including banks, brokers, wealth managers, and central securities depositories (CSDs).
This product addresses the specific disclosure requirements of the UK Section 793 (Companies Act 2006), Australia Section 672 (Corporations Act 2001), and Hong Kong Section 329 (Securities and Futures Ordinance).
The platform’s proven track record in Europe, where it has enhanced transparency through the digitisation of shareholder disclosures, positions it as a reliable solution for financial intermediaries worldwide.
Demi Derem, General Manager of International Corporate Governance, Digital Transformation and Market Innovation at Broadridge, said, “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.”
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