Strengthening the Capital Markets Union through cost-efficient shareholder communication

We are in favour of the adoption of a new cost regulation that adequately defines the reimbursement of expenses incurred by intermediaries for shareholder communication and identification. The objective of improved shareholder communication can only be achieved through the efficient transmission of information by intermediaries. The reimbursement of costs should therefore be an incentive to design efficient communication channels. This is the only way to meet the objectives of the Second Shareholders' Rights Directive and strengthen the Capital Markets Union.