Dematerialisation of share certificates since January 1st 2023:
Reminder that all new issued securities of quoted EU companies are now required to be held in electronic format since Jan 1st 2023. This means that no new physical share certificates will be issued going forward within the EU. All existing transferrable share certificates and securities in the EU must be transferred to electronic format by January 2025. If you hold current paper share certificates you can contact Claris Advisors or a Stockbroker for advice in onboarding shares & securities to electronic format.
This will harmonise settlement across the EU and is the benchmark for efficiency in global capital markets. It will also greatly benefit the consumer / individual shareholder in terms of efficient and timely payment of dividends, processing of corporate actions (corporate mergers/ acquisitions, rights issues etc.) and estate planning / probate.
Claris Advisors can assist you with this financial planning and we have arrangements and agencies in place with several stockbrokers and nominee providers.