Putting the squeeze on Sid
Article Abstract:
UK private investors are concerned about Crest, a planned share settlement system to be launched in 1996. There is a division of opinion as to the impact of Crest. Some analysts see investors benefiting from improved efficiency and lower charges for nominee accounts over the long term. Dealing costs are likely to be higher for investors with share certificates than for those using nominee accounts. Many nominee accounts do not offer complete security for investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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SIB to spread safety net
Article Abstract:
The UK Securities and Investments Board (SIB) is expected to ensure that investors using nominee accounts receive more protection. The Investors Compensation Scheme may be extended to include nominee accounts. This measure could be brought in by the end of 1995. Investors could be left without compensation if stockbrokers go bankrupt, under existing arrangements. Meanwhile a voluntary code of practice on running nominee accounts has been isued by ProShare.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Fight for your rights
Article Abstract:
UK shareholder rights are affected by usage of nominee accounts and a campaign is being establish to improve those rights. The Share centre is a UK brokers which argues that investors using nominee accounts should benefit from equal rights with those who do not. Brokers favor nominee accounts since they reduce administrative burdens. Investors using nominee accounts may find it more difficult to obtain information and shareholder perks.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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