The Persisting Threat of Dematerialisation
An EU threat to require the abolition of share certificates was originally reported to UKSA members in the association’s magazine The Private Investor in March 2012. The proposal is that all shares should be held in central securities depositories (CSDs). Discussions continue within Europe on the draft Regulation, to be known as the CSDR. UKSA understands that the UK government continues to resist such a change being made mandatory.