By early September 2020, the Shareholder Rights Directive II (SRD II) will be in force in all EU member states. One of the obligations of the intermediaries is to communicate shareholder information at the company’s request. Nasdaq CSD will service the companies and compile full list of shareholders. Therefore, the intermediaries holding particular equities instrument must be able to send shareholder information in an ISO standard Shareholder identification disclosure message (seev.047.001.01) to Nasdaq CSD via SWIFT FINplus service. As the use of SWIFT Relationship Management Application is mandatory for sending and receiving SWIFT FINplus messages Nasdaq CSD has prepared the guidelines on SWIFT RMA for managing customer and non-customer RMAs for the new messages in relation to the SRD II.

NASDAQ CSD guidelines for SWIFT RMA process_July2020