Compliance

Regional Asian banks seen more at risk of breaching EU shareholder directive

Directives that took effect last month could subject intermediaries to fines and other business costs for non-compliance related to investments in Europe.

The European Union’s Shareholder Rights Directive II (SRD II) that took effect on Sept. 3 has likely caught investment intermediaries unprepared, as expectations that its implementation would be delayed because of Covid 19 were belied.

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