Broadridge Partners with SLIB to Provide French Market with SRD II Solution

Broadridge Financial Solutions, Inc. (NYSE: BR) announced on Thusday that it has collaborated with SLIB, a French software publisher and application services provider taking the lead in electronic voting and security services, to deliver in the French market a joint, cross-border proxy voting solution designed for Shareholder Rights Directive II (SRD II) compliance that covers European shareholder meetings.

The fully automated, end-to-end solution is designed specifically for French intermediaries, including the retail sector. It will benefit from Broadridge's leading-edge Global Proxy solution and has an STP connection to SLIB's Votaccess®. Votaccess® can manage more than 80% of CAC 40 companies' General Meetings. It is the leading electronic voting platform in France.

Broadridge's alliance with SLIB will for the first time provide a seamless and unique service for the French market, that will faciliate the distribution of meeting agendas for European shareholder meetings, as well as process and count votes from French shareholders.

The Broadridge and SLIB solution is fully integrated into client workflows and will be available before the 2021 proxy season, the first proxy season where SRD II compliance is compulsory.

Going live on 4th September 2020, SRD II is global in its scope. Any financial intermediary that holds or services European equities, including banks and brokers, wealth managers and central securities depositaries (CSDs), will be impacted by this directive, regardless of the location of the intermediary firm.