Reminder: Shareholder Identification Reporting Set Up in ISO20022 (seev.045, seev.046) or Xact Web Portal


Further to Announcements L20022, L20033 and L20056, LuxCSD1  reminds customers to schedule the reporting of ISO20022 seev.045/seev.046 shareholder identification disclosure (SID) requests if not yet set up.

Failure to schedule the reporting could result in non-compliance with the Shareholder Rights Directive II (EU) 2017/828 (SRD II), together with the Commission Implementing Regulation (EU) 2018/1212 that have been transposed into national law by EEA Member States. Non-compliance could result in penalties for intermediaries or in the suspension of voting and dividend rights for the investors attached to the relevant securities.

LuxCSD recommends that customers check if the reporting setup is in place for all accounts where a position could be held at the end of a business day.

Who does it apply to?

Intermediaries operating with customers holding EEA issued securities are required to disclose using ISO 20022 seev.045/seev.046 messages, because these messages are currently used for disclosures applicable to such assets.

The usage of these ISO 20022 messages may be extended to other assets at a later stage.

Intermediaries who operate outside of the EU have to consider local data privacy laws that possibly conflict with the law of the EEA country. If the intermediary holds shares issued in an EEA-based issuer country the customers are required to disclose using ISO 20022 seev.045/seev.046 messages. 

Please note that the response must be sent by each intermediary directly to the issuer or their appointed agent that is mentioned in the request.

Reporting Set Up

When Clearstream Banking2 as LuxCSD service provider receives an SID request from an issuer in ISO 20022, customers can decide to receive the request through one of the following connectivity channels:

  • ISO 20022 format via SWIFTNet FINplus
  • ISO 20022 format via the SI module in Xact Web Portal
  • Xact File Transfer via Internet (XML reports)

Customers have the possibility to retrieve the report manually or schedule the report within the Xact Web Portal. LuxCSD strongly recommends scheduling the report in Xact Web Portal so that the possible forwarding of the request to other intermediaries in the chain complies with the time delay imposed by SRD II.

For SWIFT ISO 20022 reporting, we remind customers to ensure the SWIFT RMA key exchange for ISO 20022 SWIFTNet FINplus is in place.

Proper reporting setup will allow customers to timely receive an SID request and provide all the information needed, forward the request to their clients and to respond to the issuer’s SID requests. The response must be sent directly to the address provided in the SID request. A separate technical setup with the recipient needs to be established.

Further information

For further information, please contact the Clearstream Connectivity Helpdesk or your Relationship Manager.


1. LuxCSD refers to LuxCSD S.A., registered office at 42, Avenue J.F. Kennedy, L-1855 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B-154.449.

2. Clearstream Banking refers to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.