FESE：2026年对欧盟委员会关于股东权利指令更新的咨询的回应报告（英文版）

you would like to, please explain your answer (max 500 characters): Differences in interpretation (e.g., definition of the “final beneficial owner”) and national thresholds create uncertainty and identification gaps, especially in cross-border situations. Full disclosure is still not achievable: even with SRD II, issuers only receive 97–98% of outstanding shares due to interruptions in the custody chain and divergent interpretations. A more harmonized understanding of shareholder and greater