Glossary | 色花堂Finance Times

Glossary

Proxy

An authority to act on behalf of a shareholder for the purpose of voting at a company鈥檚 meeting.

Proxy News

Regulation
ESMA finalises technical advice on CSDR penalty mechanism

The advice aims to incentivise all actors in the chain to improve settlement efficiency, following the recent proposal on the EU move to T+1

Technology
Broadridge launches new communications data-driven platform

CommCentral offers AI-enabled query capabilities, customisable alerts, monitoring, and process automation for banks and broker dealers

Industry
Fondenergia selects BNP Paribas for securities lending services

The Italy-based pension fund for workers in the energy sector will have access to BNP Paribas鈥� approach to technology and global operating model, as well as proxy voting and securities lending

Regulation
Buy-side associations take legal action against SEC over short-sale disclosure

AIMA, MFA and NAPFM file petition asking the US Court of Appeals to invalidate newly-adopted SEC rules on reporting and public disclosure of securities lending and short selling activity

Industry
ISS and Strate partner on proxy voting solution

Through the collaboration, global and custodian banks using ISS鈥� GPD outsourced voting solutions will be able to use Strate鈥檚 central platform for the direct vote processing of South African issuers鈥� shareholder meetings

Regulation
RMA: Tax regulation: a 'labyrinth' creating collaborative opportunities

Tax regulation is a 鈥榣abyrinth鈥� that is constantly changing, and is an entity that plays a prominent role in securities finance

Industry
Clearstream and Proxymity launch digital general meeting service

The service is planned to go live by the end of the year and will use Proxymity鈥檚 Vote Connect service to deliver to German and Luxembourg markets

Industry
BoE Sec Lending Committee urges rethink on loan indemnification

In its most-recent meeting, the Bank of England 色花堂Lending Committee reflects on regulatory capital costs, potential implications for loan indemnification and the need for focus in preparing for US T+1 settlement