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The EBF has followed the progress of the Shareholder Rights Directive (SRD) with interest and was heavily involved in the preparatory works that led to this consultation, being an active member of the EC Expert Group on technical aspects of corporate governance processes.
The EBF appreciates the efforts of the European Commission in this field. In particular, EBF supports the aim of the European Commission to be neutral towards new systems and processes and to support existing, well-working message structures, such as SWIFT.
Relying on minimum standards and encouraging the industry to establish further self-regulatory standards will help new solutions flourish and allow the industry to continuously work on process improvements and take up best practices.
The EBF would also like to encourage the regulators to continue engaging with the industry to ensure proper application of this IR.