Call for Evidence on the implementation of the Shareholders Rights Directive 2
ESMA invites comments on all matters in this paper and in particular on the specific questions therein presented. Comments are most helpful if they:
- respond to the question stated;
- indicate the specific question to which the comment relates;
- contain a clear rationale; and
- describe any alternatives ESMA should consider.
Stakeholders are invited to submit their responses via the questionnaire available HERE by 28 November 2022. ESMA will consider the feedback received when preparing its input for the SRD2 review that will be delivered to the European Commission by July 2023.
Who should read this paper?
All interested stakeholders are invited to respond to this Call for Evidence. In particular, ESMA considers this Call for Evidence will be primarily of relevance to investors, issuers whose shares are listed in Europe, intermediaries and proxy advisors. In addition to the general questions (Section 3), specific questions (Sections 4-5-6-7) are addressed to these types of stakeholders.
Other market participants, such as consultants and service providers in the investor communication and voting industry, are invited to express their views by responding to any general questions they would like to provide input on and in particular to the two catch-all questions (Q15 and Q25).