Global Custody and Agency Services (GCAS)

Shareholders Rights Direct II Pricing Disclosure
October 2021

Dear Client,


Article 3d of Shareholder Rights Directive II (SRD II or Directive) (EU 2017/828) requires us to disclose the costs associated with SRD II services provided by Bank of America, N.A. where we act in the capacity of intermediary. In line with market practice, Bank of America, N.A. does not charge additional costs for Shareholder Identification or Corporate Action Notifications as these are included within Safekeeping Fees. Bank of America, N.A. charges fees for Proxy Voting to clients who subscribe to this service unless prohibited by national implementing measures for a particular jurisdiction.  The fees for this service are as follows:   


Per Notification                               $5.00

Per Vote                                          $15.00

Out of pocket expenses                   At cost


We will be happy to discuss this further with you. Please contact your Bank of America representative.


The information here in is limited in its purpose and scope and contains summaries only of some of the provisions contained in the various legislative and/or regulatory initiatives. Whilst the information represents Bank of America’s current understanding of the legislation and/or regulation and the proposed timeframes as at the date of this publication, the information is subject to change pending further clarification of the rules and/or regulations through the legislative rule making, regulatory guidance and implementation processes in the relevant jurisdiction. The information herein is generic in nature and provided to you solely for informational purposes; it is not intended to constitute nor should it be construed as advice of any kind, whether in relation to legal, compliance, accounting, regulatory, tax matters or otherwise. You should discuss with your professional legal, tax, accounting or other adviser how it may affect you.