RE: Re : HouseofGold12 Mar 2021 11:18
Apology RR but you are incorrect here re share certs.
The registrar have the itemised holdings and the company have the say on how and when share certs are issued unless force majeure is allied externally.
Recorded delivery is how the Share Certs would be sent, and that will only last for 6 months in UK if you have not got a copy in hand due to not receiving. The burden is then on the broker initially to prove you signed for the certifcate (s). After 6 months you will find this hard to prove otherwise if they have provided a tracking number, (This is due to personal experience.)
If you lost your share certificate or cannot prove the sending broker is liable, you may have alternatives for reissue of cert.
First, a lost of indemnity will need to be taken out with the relevant registrar and if the stock if listed on an exchange you will have to pay the relevant Premium in that exchanges currency. This will be a significantly high figure to pay hypothetically in relation to the value of holding.
Now, once you get a potential share certificate do keep it safe, as if the value rises and you lose this certificate you will be paying though the nose, no contra trading here unfortunately unless its in a SIPP and no share cert due to CREST rules.
Once you have your replacement you are then at the risk of having to find a suitable broker to turn the paper certs into electronic format for trading. Guess what, if it’s not on UK markets you'll need an international brokers account and different tax forms to satisfy.
All in all, a long drawn out process.
The registrar can confirm your holding, the rest is open ended.
I do find it hard to believe people have rec'd chare Certs here for FRR since the delist occurred.
Hope this helps.
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