In line with the general aim of SRD II to promote effective stewardship and long-term investment decision-making through transparency, Article 3i imposes reporting requirements on asset managers (investment managers). Asset managers play an important role in the investment chain by managing the assets of institutional investors. In the absence of legal grounds for direct engagement with investee companies, investment and stewardship preferences of institutional investors are communicated to firms through asset managers. Hence, the transparency requirements of Article 3i improve the flow of information through the investment chain and thereby assist institutional investors in meeting their own stewardship obligations by selecting asset management services on an informed basis. The chapter starts by explaining the role of asset managers and legal arrangement between asset managers and institutional investors. Next, the chapter explains disclosure obligations of asset managers, their purpose, and significance. The chapter ends by discussing the means of information disclosure.
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Front Matter
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PART I: INTRODUCTION
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PART II: IDENTIFICATION OF SHAREHOLDERS, TRANSMISSION OF INFORMATION AND FACILITATION OF EXERCISE OF SHAREHOLDER RIGHTS
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PART III: TRANSPARENCY OF INSTITUTIONAL INVESTORS, ASSET MANAGERS AND PROXY ADVISORS
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PART IV: REMUNERATION OF DIRECTORS
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PART V: TRANSPARENCY AND APPROVAL OF RELATED PARTY TRANSACTIONS
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PART VI: PENALTIES
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Back Matter
