The revised Shareholder Rights Directive (SRD II) and its associated implementing regulation are intended to address the following:
Where it is an intermediary in relation to such shareholdings, RBC Investor & Treasury Services (RBC I&TS) supports the following in accordance with SRD II:
The costs disclosure which RBC Investor & Treasury Services (RBC I&TS), as an intermediary, is required to make under Article 3d of SRD II is available below. RBC I&TS entities covered by this disclosure include: RBC Investor Services Bank France S.A., RBC Investor Services Bank S.A., Succursale di Milano, RBC Investor Services Bank S.A., RBC Investor Services Trust – UK Branch, RBC Investor Services Trust., RBC Investor Services Trust Australian Branch, RBC Investor Services Bank France S.A., RBC Investor Services Bank S.A, Hong Kong Branch, RBC Investor Services Bank S.A. Dublin Branch, RBC Investor Services Bank S.A., Esch-sur-Alzette, Zurich Branch
The information below outlines how RBC I&TS is addressing the costs and charges under the following categories:
Any differences between the charges set out in the above rate cards which are levied between domestic and cross-border exercise of rights reflect the greater complexity or number of steps involved in facilitating the cross-border exercise of rights, which may include, for example, the use of additional intermediaries, filing valid local tax reclaims (where required) and taking account of different local language requirements, time zones and/or other local market requirements, and the associated variation in actual costs incurred by RBC I&TS for delivering such services.
This disclosure information may be updated from time to time. Please ensure that you consider the most recent version of the disclosure maintained on our website, which will supersede and override any previous version.
If you have any further questions, please contact your RBC I&TS representative.
Dated: July 31, 2020