There are in excess of 10 million investors who hold their shares in paper certificated form. So today's announcement by the Government is of interest.
Lord Frost set out the below points about getting rid of paper share certificates today as part of a Brexit regulatory review.
Dematerialisation of shares - Although the majority of shares are held in electronic form, a minority are held in paper form. It is more expensive and takes longer for holders of paper shares to trade them and there is ...
ShareSoc has just issued the following press release:
ShareSoc Launches Share Ownership Reform Proposals
ShareSoc has been campaigning for more rights for shareholders and we have now launched specific proposals on how we believe share trading should be reformed. In particular our proposals are aimed at tackling the loss of voting and other rights that currently arises from the use of stockbroker nominee accounts.
Our suggestions include:
The development of a new low cost electronic trading facility as recommended by the Kay Review, and ...
Back in 2011 the Government commissioned Prof. John Kay to review the operation of UK stock markets. There were concerns about "short-termism" by investors, poor corporate governance in companies, excessive executive pay, lack of engagement by investors with companies, high investment charges and excessive intermediation in the investment chain. The resulting report was a very good analysis of the defects in the way the market operated and the recommendations in the report for change were generally accepted by the Government.
The Government ...