01/09/2020 (Agence Europe) – Given that the implementing regulation for the revised Shareholder Rights Directive (SRD II) will take effect as of 3 September, the European Banking Federation (EBF) called on the European Commission and European regulators on Tuesday 1 September to ensure a smooth and gradual implementation of the new rules designed to deepen corporate governance in EU capital markets. In a press release, the EBF is calling for a transition period before the full implementation of the new rules and for a broad review of the implementation of the Directive, taking into account in particular the lack of a harmonised definition of shareholders in EU Member States. As a reminder, in June, the Commission rejected the call by several organisations, including the EBF, to delay the implementation of the implementing regulation of the directive (see EUROPE 12478/35) by 12 months due to the disruption caused by the Covid-19 pandemic. (MF)