Posted on Apr 21, 2021 at 7:00 AMUpdated Apr 21, 2021, 7:08 AM
It’s a small revolution for listed companies. And an asset in the face of the rise of activist shareholders. A new tool will now allow them to know precisely who their shareholders are. Euroclear, the central depository of the Paris Bourse – that is to say, it keeps the register of all the securities listed on the French market – is in charge of this project which mobilized the Place de Paris during more than two years. An effort that will also benefit listed companies in Belgium and the Netherlands, these two countries, like France, dependent on the same subsidiary of the post-market giant, called “ESES”.
This device called “InvestorSight” allows us to go further than the identifiable bearer share (TPI) with which France was already at the forefront. ” This mechanism made it possible to know the positions of two levels of intermediaries, explains Isabelle Delorme, chief business officer of ESES. Those of Euroclear clients (large account holders, custodians, large asset managers), and clients of the latter, often banks or asset managers. Now we can trace the whole chain to the final shareholder. “