1. Member States shall ensure that the intermediaries transmit without delay from the company shareholders in accordance with the instructions given by the the ▌to ▌or, to a third party▌: shareholders, (a) the information the company is required to provide to the shareholder, to the shareholder flowing from its shares, is enable to exercise rights and, which directed to all shareholders in shares of that class, or (b) that information is available to shareholders on the website of the company, a notice indicating where this information can be found on the website of the company. 2. Member States shall require companies to provide and deliver in a to intermediaries standardised and timely manner the information referred to in paragraph 1(a) or the notice referred to in paragraph 1(b). 2a. Member States shall provide that companies need not provide and deliver to intermediaries the information referred to in paragraph 1(a) or the notice referred to in paragraph 1(b) when they directly send the information or the notice to all their shareholders, or, in accordance with the instructions given by the shareholder, to a third party. In this case, paragraph 1 does not apply to the intermediaries. 3. Member States shall oblige to transmit to the company, in intermediaries without delay accordance with the instructions received from the shareholders, information received ▌the from the shareholders related to the exercise of the rights flowing from their shares. 4. there is more than one intermediary in a information of intermediaries, ▌chain referred to in paragraphs 1 and 3 shall be transmitted between intermediaries without unless the information can be directly transmitted by the intermediary to the ▌delay, company or to the shareholder or, in accordance with the instructions given by the shareholder, to a third party. 5. Commission shall be empowered to To ensure uniform application of this Article, the adopt implementing acts to specify the requirements to transmit information laid minimum down in paragraphs 1 to 4▌ as regards the and format of information to be ▌types transmitted, including their security and interoperability, and the deadlines to be Those implementing acts shall be adopted complied with. within a period of 15 months
1. Member States shall ensure that the intermediaries transmit without delay from the company ▌to the shareholders ▌or, in accordance with the instructions given by the shareholders, to a third party▌: (a) the information the company is required to provide to the shareholder, to enable the shareholder to exercise rights flowing from its shares, and, which is directed to all shareholders in shares of that class, or (b) that information is available to shareholders on the website of the company, a notice indicating where this information can be found on the website of the company. 2. Member States shall require companies to provide and deliver to intermediaries in a standardised and timely manner the information referred to in paragraph 1(a) or the notice referred to in paragraph 1(b). 2a. Member States shall provide that companies need not provide and deliver to intermediaries the information referred to in paragraph 1(a) or the notice referred to in paragraph 1(b) when they directly send the information or the notice to all their shareholders, or, in accordance with the instructions given by the shareholder, to a third party. In this case, paragraph 1 does not apply to the intermediaries. 3. Member States shall oblige intermediaries to transmit without delay to the company, in accordance with the instructions received from the shareholders, ▌the information received from the shareholders related to the exercise of the rights flowing from their shares. 4. there is more than one intermediary in a ▌chain of intermediaries, information referred to in paragraphs 1 and 3 shall be transmitted between intermediaries without ▌delay, unless the information can be directly transmitted by the intermediary to the company or to the shareholder or, in accordance with the instructions given by the shareholder, to a third party. 5. To ensure uniform application of this Article, the Commission shall be empowered to adopt implementing acts to specify the minimum requirements to transmit information laid down in paragraphs 1 to 4▌ as regards the ▌types and format of information to be transmitted, including their security and interoperability, and the deadlines to be complied with. Those implementing acts shall be adopted within a period of 15 months
SRD_Compromise_Dec_2016.docx