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Nordnet Bank AB, a digital savings and investment platform operating across the Nordic region, has launched live operations with Broadridge Financial Solutions’ international shareholder disclosure system. The move aligns with Nordnet’s compliance obligations under the updated Shareholder Rights Directive (SRDII).
The implementation of Broadridge’s Shareholder Disclosure Hub, an API-based solution, enables Nordnet to handle shareholder identification requests with efficiency and security. Live processing has been in effect since September 2024, allowing Nordnet to meet SRDII requirements while ensuring seamless data protection across its European operations.
Financial institutions must facilitate shareholder identification and communication
Nordnet’s decision to adopt Broadridge’s system reflects a commitment to improving shareholder engagement and governance standards. The directive mandates financial institutions to facilitate shareholder identification and communication, ensuring transparency across investment chains.
Quincy Curry, Director of Securities Brokerage at Nordnet, said: “We are firmly committed to the advancement of shareholder democracy throughout the financial services industry. Through Broadridge’s technically advanced solution and the backing of its deeply knowledgeable market experts, we are confidently able to respond to shareholder identification requests accurately and securely. We can also forward to other parties in the chain, well within the required deadlines.”
The Shareholder Disclosure Hub provides an end-to-end solution that automates shareholder request processing while maintaining compliance with evolving regulatory standards. It reduces operational complexities and enhances the speed at which firms handle investor disclosures.
Transparency while achieving their SRDII compliance obligations
Broadridge has positioned itself as a key partner in regulatory compliance and governance solutions for financial institutions worldwide. Its Shareholder Disclosure Hub streamlines disclosure management while reinforcing transparency across investment networks.
Demi Derem, SVP of International Investor Communication Solutions at Broadridge, commented: “We are thrilled to support Nordnet, helping them to streamline and enhance transparency while achieving their SRDII compliance obligations. Nordnet’s deployment of the Shareholder Disclosure Hub exemplifies its leadership in driving higher governance standards to the benefit of its clients and the wider industry, and further advances its strategic mission to democratize savings and investments.”
By adopting Broadridge’s disclosure system, Nordnet strengthens its governance framework and sets a precedent for other financial institutions aiming to meet SRDII mandates efficiently.
About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a technology provider specializing in governance, investing, and financial communications. The company processes over 7 billion investor communications annually and facilitates daily securities trading exceeding $10 trillion globally. As an S&P 500® company with operations in 21 countries, Broadridge supports financial institutions in enhancing operational resilience, performance, and regulatory compliance.
