BEC Moves to Full Shareholder Rights Directive II Readiness with Broadridge's Industry Leading Solution

Rhea-AI Summary

Broadridge Financial Solutions (NYSE:BR) has partnered with BEC, a Danish fintech firm, to implement its comprehensive solution for the Shareholder Rights Directive II (SRD II). BEC is now utilizing Broadridge's end-to-end solution for global proxy management and shareholder disclosure across its network of 26 banks in Denmark. This partnership aims to streamline compliance services and enhance communication for retail shareholders. Broadridge's expertise in regulatory compliance positions it as a leading provider for the evolving needs of the financial services sector.

Positive

• Partnership with BEC enhances Broadridge's presence in the Danish market.
• Successful implementation of SRD II compliance services across BEC's bank network.
• Broadridge's expertise strengthens its reputation in regulatory compliance.

Negative

• None.

NEW YORK, LONDON and COPENHAGEN, Denmark, Dec. 8, 2020 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has announced that it has been selected by BEC, a Danish full-service technology firm that develops and operates IT systems for financial institutions, to provide its comprehensive solution for the updated Shareholder Rights Directive (SRD II).

BEC is now live with Broadridge's end-to-end solution suite for SRD II covering global proxy management for retail shareholders, and also shareholder disclosure. The firm is using the solution to support the regulatory needs across its network of 26 banks in Denmark.

"After assessing viable solutions in the market, we determined that the Broadridge SRD II suite of solutions would best support our customers," said Kim Bastholm, development director at BEC. "As a full-service financial services technology provider, we recognized Broadridge's deep subject matter expertise in the Shareholder Rights Directive and its proactive role in helping the market respond to regulatory compliance challenges and regional complexities."

The retail-focused solution provided by Broadridge has helped BEC to roll out SRD II compliance services across its network of banks, streamlining client communication and disclosure requests.

"We are excited to further deepen our relationship with BEC, another leading financial services technology company," said Demi Derem, general manager of Broadridge's International Investor Communication Solutions. "BEC has an impressive network of underlying clients with a proven track record around innovation. Working together, we have enabled its network of clients to be ready quickly and efficiently for this mandatory change."

SRD II significantly impacts shareholder communications for all intermediaries holding or servicing European equities all around the world. The regulation aims to increase the accuracy and transparency of communications between EU issuers and investors – facilitating more active shareholder engagement.

About BEC
BEC is a full-service fintech company covering all aspects of banking technology in Denmark. The company has more than 50 years of experience in IT development and operations for financial institutions in the highly digitalized Danish financial sector. BEC is owned by its customers and services 20-30% of the Danish bank market. Visit https://www.bec.dk/ for more information.

About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR), a $4.5 billion global Fintech leader, is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge's infrastructure underpins proxy voting services for over 50 percent of public companies and mutual funds globally, and processes on average more than U.S. $8 trillion in fixed income and equity securities trades per day. Broadridge is part of the S&P 500® Index and employs over 12,000 associates in 17 countries. For more information about Broadridge, please visit www.broadridge.com.

Contacts:

Investors:

W. Edings Thibault
Head of Investor Relations
Broadridge Financial Solutions, Inc.
+1 516-472-5129
Edings.Thibault@Broadridge.com

Media:

North America:
Matthew Luongo
Prosek Partners
+1 646-396-0966
mluongo@prosek.com

Europe:
Charlie Morrow
Cognito
+44 (0) 20 7426 9400
charlie.morrow@cognitomedia.com 

View original content:http://www.prnewswire.com/news-releases/bec-moves-to-full-shareholder-rights-directive-ii-readiness-with-broadridges-industry-leading-solution-301188261.html

SOURCE Broadridge Financial Solutions, Inc.

FAQ

What is the recent partnership between Broadridge and BEC about?

Broadridge has partnered with BEC to provide a solution for Shareholder Rights Directive II (SRD II) compliance.

How does Broadridge support BEC in implementing SRD II?

Broadridge offers an end-to-end solution for proxy management and shareholder disclosure, helping BEC streamline compliance across 26 banks in Denmark.

What is Shareholder Rights Directive II (SRD II)?

SRD II aims to improve shareholder communications and increase transparency for investors across the EU.

When was the partnership between Broadridge and BEC announced?

The partnership was announced on December 8, 2020.

What does Broadridge specialize in?

Broadridge specializes in investor communications and technology-driven solutions for financial institutions.