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Simplified Registry

 
 

The stock exchange life of an issuer makes him try to know his shareholder in order to develop the financial communication and control his capital.

Thanks to its function of central depository, STICODEVAM is able to offer shareholders management services for all the accepted companies. STICODEVAM organizes information collection and publication concerning shareholders. In December 1995, STICODEVAM deployed an efficient shareholders management system: The simplified registry. This tool enables companies to have, on request, a partial or total image of their shareholders.

Every stock transfer, in particular on Exchange, must be written down in the issuer register in order to manage nominative securities.

The issuer company is able to insure its nominative securities management providing that it gets the right tools. It can also entrust this responsibility to STICODEVAM by opting The simplified nominative which consists on intermediaries holding securities accounts information collection.

The principle is: since intermediaries holding securities account are STICODEVAM members, they are supposed to handle their clients position which is a part of the issuer nominative register. The issuer can ask members the shareholders list for a determinate date.

The shareholders lists are transmitted to STICODEVAM by intermediaries holding securities accounts. STICODEVAM checks the coherence between the total number of shares hold by intermediaries and the total quantity hold in STICODEVAM accounting system. STICODEVAM transmits a consolidated shareholders list to issuer. This process, which is called  "SIMPLIFIED REGISTRY" is not compulsory. Each issuer have the choice between this STICODEVAM process and his own shareholders management.

 
 




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