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Identification of shareholders and processing of corporate actions under SRD II

In connection with the entry into force on 3 September 2020 of the Act amending the Act on Public Offering and the Conditions of Introducing Financial Instruments into an Organised Trading System and on Public Companies and certain other Acts (Sejm memo no. 3755) implementing Article 3a, 3b and 3c of Directive 2007/36/EC (implemented in Directive (EU) 2017/828) and Commission Implementing Regulation (EU) 2018/1212 of 3 September 2018 laying down 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, KDPW is running projects necessary to ensure compliance with those regulations.

The scope of implementation necessary to ensure compliance with those regulations includes:
  • alignment of the scope of information transmitted by companies (issuers) to KDPW and transmitted by KDPW to direct participants as necessary to enable shareholders to exercise rights attached to their shares, in particular a notice of a general meeting and notifications of other corporate actions; 
  • KDPW’s provision of solutions facilitating the exercise of shareholders rights at the request of the company or a person appointed by the company.

The planned modifications will apply to all issuers of shares as well as direct participants participating in the processing of corporate actions relating to shares. In the case of issuers, the modifications include among others changes to the scope of the interface offered by KDPW for the processing of general meetings and other corporate actions. In the case of direct participants, the modifications include among others changes to electronic messages used in the processing of general meetings and other corporate actions and KDPW’s processing of new business processes involved in shareholder identification and the exercise rights to participate in and vote at general meetings. Information concerning such processes will be exchanged by means of ISO 20022 messages.

Notification of corporate actions of listed companies (other than general meetings). Manual for KDPW direct participants.
General Meeting Service. Manual for KDPW direct participants (version 1.2)
General Meeting Service. Manual for KDPW direct participants (version 1.2, track changes)
Public company shareholder identification. Manual for KDPW direct participants

Last modified:15-07-2020 Go up