On Thursday 27 July, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published a report in which they identify the areas in which further progress needs to be made in implementing the Shareholder Rights Directive (see EUROPE B12623A29).
According to the report, commissioned by the European Commission, the level of disclosure and comparability of costs charged by intermediaries remains limited in the EU, mainly due to a “lack of harmonisation...