Taking Stock Episode 6 - The UK Proposal Trying To End Direct Registration

Taking Stock

This week on Taking Stock, Chives and Bibic dove into the recently announced UK Taskforce’s action proposal which seeks to explore feasible routes to full dematerialization of share certificates. Not all solutions are made equal, and the proposal’s favorite solution involves forcing investors to hold through a centralized depository’s nominee rather than holding for themselves and in their own name.

We had a great guest speaker Bellweirboy who joined the call in order to help make sure listeners understood the current impact of the proposal as written, and encouraged collective action through parliament and direct democracy for all UK natives. For everyone else, online comments can be submitted until September 25th 2023.

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Itinerary:

https://lemmy.whynotdrs.org/post/201103

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Join the Community:

Join us on Discord

Join Lemmy

Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

The UK’s Digitization Taskforce

https://www.gov.uk/government/publications/digitisation-taskforce

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Full Report from the Taskforce

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1168398/digitisation_report.pdf

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Computershare’s response to the Report

https://content-assets.computershare.com/eh96rkuu9740/b6d2096ed675446da100e6b5ccbcbc92/1078b3957fdbedbdffbd67ee9278a9c3/SCRR-Digitisation-of-Shareholdings-Discussion-Paper.pdf

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Shareholder Activism Website and Email Template

https://www.shareholder-feedback.com/en/home/

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BibicJr’s post, pinned on GMEJungle

https://www.reddit.com/r/Superstonk/comments/16de7gy/moass_must_be_close_the_uk_government_are/

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Kibblepigeon’s post on Superstonk

https://www.reddit.com/r/Superstonk/comments/16de7gy/moass_must_be_close_the_uk_government_are/

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Other example letters

https://www.reddit.com/r/Superstonk/comments/16gi9fk/a_letter_to_uks_hm_treasury_from_a_concerned/

https://www.reddit.com/r/Superstonk/comments/16fwpb0/uk_ape_speaking_up_for_investorspotentially/

https://www.reddit.com/r/Superstonk/comments/16bm942/i_do_not_approve_of_you_removing_my_rights/

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SEC Bulletin - Get the Facts about Holding Securities

https://www.sec.gov/about/reports-publications/investor-publications/holding-your-securities-get-the-facts

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FINRA Bulletin - Know the Facts about Direct Registered Shares

https://www.finra.org/investors/insights/know-the-facts-direct-registered-shares

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music