Founder & CEO
By 2026, the era of static, capital-based reporting will end. In its place, a new control-based transparency regime is emerging: one that demands continuous monitoring and far greater precision.
Beyond “who owns what”
The regulatory question is shifting. It is no longer enough to simply identify economic owners. Regulators are moving toward a focus on decision-making influence, voting power, and ultimate beneficial ownership (UBOs).
With the EU Listing Act breaking the “one share, one vote” principle through multiple-vote share structures, the complexity of disclosure is set to increase. Compliance teams will soon find that economic ownership and governance control no longer move in parallel.
The 2026 regulatory convergence
Two major milestones will redefine your operational requirements in 2026:
- 2 March 2026: a post-trade transparency recalibration that strengthens the data infrastructure feeding disclosure regimes.
- 5 June 2026: the EU Listing Act‘s transformative shift toward control-based visibility.
Is your operating model ready?
This shift transforms shareholding disclosure from a procedural task into a core governance and risk challenge for Boards and General Counsel. 2026 marks the “last manual disclosure cycle”. Firms that modernise early will gain resilience; those that rely on legacy systems face sustained supervisory pressure in an environment of permanent complexity.
Download the 2026 Shareholding Disclosure Guide
In our latest guide, “The Reframing of Shareholding Disclosure in 2026,” we break down the strategic implications for financial institutions, including:
- The impact of dual-class and multiple-vote share shifts.
- How post-trade data becomes a primary input for control visibility.
- The five new tracking requirements every compliance team must reconcile.
- What a “good” target operating model looks like in a live-monitoring era.
Don’t wait for the recalibration to begin. Prepare for the transition to control-based transparency today.