Since CREST and shares dematerialisation was introduced in the 1990s, shareholders’ rights have been eroded through intermediation. Following recent stock markets reviews, UKSA believes the UK may reverse this trend through using technology better and improved government regulation.
UKSA’s recently published position paper on Dematerialisation sets out the concerns of shareholders in respect of the introduction of CREST and the initial dematerialisation in the 1990s and the subsequent erosion of shareholder rights through intermediation.
The paper goes on to set out what shareholders need to reverse this trend and what our policy makers need to do. We consider that our proposals are achievable within the existing CREST system but will require better regulation.
UKSA would appreciate the opportunity to discuss this opportunity to improve shareholder rights with regulators, legislators, Government ministers, and market participants