Eumedion: proposed regulatory technical standards on the voting policy of large investment firms are too detailed

News · 29-06-2021

Although Eumedion supports the underlying objective of disclosure of voting policy by large investment firms, it does question the level of detail of the proposed regulatory technical standards. This follows from the today’s submitted Eumedion response to the European consultation on the proposed regulatory technical standards on the disclosure of the investment and voting policy by large investment firms.


The European Banking Authority (EBA) has launched a consultation on the draft regulatory technical standards on the investment and voting policy of large investment firms. The objective of investment and voting policy disclosure is to provide transparency to investors and the wider market participants on the influence of investment firms over the companies in which they hold shares. In its response, Eumedion indicates that it supports this underlying objective. In its response Eumedion points out that the regulatory technical standards should be practicable, proportional and not impose unnecessary additional costs on investment firms. According to Eumedion, those criteria are currently not met. In its response, Eumedion questions the level of detail of the proposed technical regulatory standards.In that context, it refers, among other things, to the proposal to publish voting behaviour per theme and to the proposal to publish information on the ratio of approved shareholder proposals.

Relevant documents

Eumedion response to EBA consultation document

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EBA consultation document on disclosure requirements for the voting policy of large investment firms

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