Stats › Options, positions short et positionnement › Vote confirmation
Europe gives a shareholder three months to ask whether its vote was counted, and the issuer fifteen days to answer
| Step | Deadline as written | Provision |
|---|---|---|
| Transmission of information along the chain | the same business day | Art 9 |
| Information received after four in the afternoon | transmitted by ten the following business morning | Art 9 |
| Minimum lead time before the issuer deadline or record date | three business days | Art 9(4) |
| Confirmation of receipt of an electronic vote | immediately after the cast of the votes | Art 9(5) |
| Confirmation that votes were recorded and counted | no later than 15 days after the request or the general meeting, whichever occurs later | Art 9(5) |
| Late requests for shareholder identity after the record date | seven business days | Art 9(6) |
| Time stamping | required on all transmissions under the article | Art 9(8) |
| Window in which a shareholder may request confirmation of counting | a deadline that "shall not be longer than three months from the date of the vote" | Directive Art 3c(2) |
Commission Implementing Regulation (EU) 2018/1212 of 3 September 2018, Official Journal L 223/1, which states "It shall apply from 3 September 2020", and Directive (EU) 2017/828.
The implementing regulation sets the whole chain in business days and clock hours, down to a four in the afternoon cut off. Nothing in it requires the data standard it is usually said to require, and no measurement exists of how often confirmation fails.
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