Allow all share owners to be named on the share register after dematerialisation

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Petition Action

Allow all share owners to be named on the share register after dematerialisation

Petition Details

We wish for the government to seek a solution that allows shareholders to buy sell and hold shares recorded under their own official name instead of having to use nominee facilities post digitisation task force (when paper share certificates no longer will be used).

Additional Information

A stockbroker will not always offer the full suite of shareholder rights such as voting, or the ability to participate in all corporate action types such as open offers, to provide an example.

We are concerned that there will be no contest as to who owns what, unlike a pooled nominee account.

We recognise the Government's desire to withdraw paper share certificates from use, however we are asking for the Government to develop an alternate solution for shareholders to hold shares with their own name on the register.

If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.

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at petition.parliament.uk

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