20th March 2020 |
The Minister for Business, Enterprise and Innovation has made SI No 81 of 2020 European Union (Shareholders’ Rights) Regulations 2020 under the European Communities Act 1972 (No 27 of 1972).
The purpose of the Regulations is to give effect to the provisions of Directive EU 2017/828 of the European Parliament and of the Council of 17 May 2017 amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement. The Regulations insert several Chapters into Part 17 of the Companies Act 2014 (No 38 of 2014) dealing with the subject matter of the Directive. Certain provisions relate to transparency requirements for institutional investors, asset managers, and proxy advisors.
The Regulations will come into operation on 30 March 2020.
Commerce, Consumer and Competition