BME launches digital proxy voting service in partnership with Proxymity – Securities Finance Times


07 February 2022
United Kingdom
Reporter Jenna Lomax
Share this article
BME has launched its digital proxy voting service for shareholders’ meetings in partnership with Proxymity.

The new solution, accessible through Iberclear, BME’s central securities depository, connects participant entities and issuers to speed up the voting process at shareholders’ meetings.

The service will allow the management of shareholders’ meetings that take place on domestic securities, cross border services securities and foreign securities not held by Iberclear.

The partnership with BME and Proxymity means that investors will receive “golden source” meeting announcements direct from issuers in real time and be able to vote right through to the market deadline.

The launch of the platform was first announced in December 2021.

Jesús Benito, CEO of Iberclear, says: “This solution has been developed in response to the demands from our issuers and participants. We can now offer a real-time, sustainable, and transparent digital solution that puts issuers and participants in greater control of their meetings. Building on technology and the experience of our technological partner Proxymity, we are delivering end-to-end digital proxy voting in Spain.”

Jonathan Smalley, chief operating officer at Proxymity, comments: “We’re delighted to work with BME and Iberclear on this industry-leading project. The deployment of Proxymity’s platform not only brings Shareholder Rights Directive II compliance, but also real and immediate benefits for the Spanish market, as well as delivering true end-to-end digital proxy voting.”

Just over a year on from SFTR and changes being introduced (ISO Schema, Position Aggregation), we will discuss issues with the reconciliation and work the industry is doing to drive best practices. We will also have a look at ESMA’s focus on data quality
Home
Contact us
Subscribe to our newsletter
Facebook
LinkedIn
Twitter
RSS feed
Privacy policy
Latest news
Industry
Technology
People moves
Regulation
Buy side
Repo
Derivatives
SFTR
CSDR
Issue archive
Features
Interviews
Country profiles
Editors picks
FIS insights
IHS Markit data
Service providers
Training
Education
Events
Videos
Podcasts
Securities Finance Times
Asset Servicing Times
Captive Insurance Times
Black Knight Media Creative

source