30/04/2020 (Agence Europe) – The heads of a number of European organisations that represent individual shareholders, including BETTER FINANCE, sent an open letter to the European Commission on Wednesday 29 April asking it not to give in to pressure from stakeholders who are calling for postponement of the Implementing Regulation for the revised Shareholder Rights Directive (SRD II). The organisations believe that the Covid-19 crisis is simply an “excuse” for this request and, in reality, five months before the deadline, the intermediaries are still at a “very early stage of preparation”. As some of the directive’s provisions entered into force on 10 June 2019, the letter’s signatories believe that intermediaries have already had sufficient time to prepare. They believe any postponement would seriously undermine the objective of the directive, which is to facilitate the exercise of shareholders' rights across borders. To read the letter, go to: https://bit.ly/3bRFrPZ (MF)