Charles Stanley Halts Certificated Dealing

Charles Stanley, one of the larger traditional retail stockbrokers, has advised its clients that it will soon cease support of certificated trading. Those retaining paper share certificates because they appreciate the rights associated with being on the share register of a company will be moved into nominee accounts, unless they choose to transfer their business elsewhere.

We have updated the page on the ShareSoc web site which lists alternative suppliers of certificated dealing and personal crest accounts which is here: http://www.sharesoc.org/brokers.html

One advantage of certificated dealing is of course that you can move to another broker with ease, and without paying any charges.

We are still awaiting proposals, and the associated public consultation, on what the Government plans to do on the general issue of developing a replacement low cost electronic share registration system.

Roger Lawson

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