Re-registration and transfers

For this process, the following documents are required:

• Stock deposit instruction form
• Please complete a CREST transfer form (you will need a separate form for each company you hold certificates for).
• The original share certificate(s).

You can find the relevant forms in the section above.

Please note: If you're sending multiple share certificates with different designations, you'll need to provide a separate CREST transfer form for each account.

If your client doesn’t have an Investment Account, you will need to set up a sole or joint account online with a nominal amount. You will then need to send us the forms and the share certificates. The certificates will not be sent back to the client as they will be retained by the registrar following the dematerialisation of the certificates.

For this process, the following are required:

• Corporate nominee transfer instruction form
• A Transfer form provided by the registrar for each stock, which needs to be part-completed (including the Corporate Nominee account number which should be visible on statements)
• A cheque for any exit fees, payable to the relevant share registrar, if applicable. This cheque will then be passed onto the registrar along with the Transfer form.

You can download the corporate nominee transfer instruction from the link above.

Please note you cannot currently transfer these shares directly into an ISA (only an Investment Account). Once the assets have been received into an Investment Account, you can then move them into an ISA using our Bed and ISA process

If your client doesn’t have an Investment Account, you will need to set up a sole or joint one online adding a nominal amount. You will then need to send us the forms and the share certificates.
 

You can transfer any shares that we offer on our platform. These include all FTSE 350 shares and other popular shares. Please use our Investment Finder to see which shares we offer (the range is expanding all the time).

Yes. You can deposit them into an Investment Account for your client if the certificates can be held in CREST. HMRC do not allow you to place them in an ISA or a pension. Check our Investment Finder to see if we offer the shares.

The certificates must be valid. If you are unsure, please check with the registrar before sending them to us.

Yes, there must be an open Investment Account (this currently cannot be performed as part of the direct share transfer process). If your client doesn’t already have an Investment Account, please create one online before you send us the share certificates. This can be opened with a nominal amount either as new money or utilising money from a client’s Cash Management Account or another account held with us (except for a pension).

The section required to be completed by the client is clearly marked on the transfer form.  The client must fill in the required information and sign the form.  If this is relating to a joint account, all parties must sign the form.

Please leave the following sections blank as this information will be added by our transfer team following receipt of the instruction:

• CREST participant ID and member account
• Contact name of transferee
• Contact number and email address of transferee
• Full address.

Once we have confirmed we can hold the shares, we will issue an acceptance to the registrar and send this with the completed Transfer form. They will then process the request and contact us to agree trade and settlement dates for the transfer to complete.

There are several registrars, the main three are:

• Computershare
• Link Asset Services (previously Capita)
• Equiniti. This registrar handles two types of corporate nominee products, but each type has different payment methods for clients to pay their admin fees:
  • Corporate Sponsored Nominee – these accounts are generally 11 digits long and would start with a 10 or 11. Admin fees for this product can only be paid by cheque
  • Global Nominees – this product handles employee share schemes only. These account numbers start with a single letter, or four letters. Admin fees for this product can only be paid by electronic payment and these would have to be paid to Equiniti directly.

We no longer process change of beneficial ownership requests.  If you have a joint account, you will only be able to deposit share certificates held in joint names and visa versa for sole accounts. 

If you wish to change the name/s on the share certificates, please contact the registrar directly who can provide you with information.

As this is a transfer of shares, we do not issue any Confirmation of Transaction documents.  You will be able to see that the transfer has taken place by viewing your clients transactions on our website.

You should be able to see the shares in your client’s account between 10 to 14 days after we receive the documents (assuming the shares are valid and there are no problems with the forms). The shares can only be traded once they are fully settled and available. These shares may be visible to you online once we have initiated the instruction, but they may not be immediately available to sell.

Yes, as long as:

• The person with Power of Attorney is registered on the shareholdings
• They are also registered on the account with us
• They sign the relevant forms.

Yes. The client will be required to provide two sets of instructions, but both can be handled at the same time. Both types of shares can be transferred and held in a single Investment Account, which needs to exist before the shares are moved.

For the certificated shares, the client will be required to complete a stock deposit instruction form and a Crest Transfer form.  (you will need a separate form for each company you hold certificates for).

For uncertificated shares, the corporate nominee transfer instruction form should be completed and provided alongside the Corporate Nominee Transfer Form for each asset instruction.

Please note: If you're sending multiple share certificates with different designations, you'll need to provide a separate CREST transfer form for each account.

The shares will be registered in the name of a Fidelity group nominee company, who will hold them on your client’s behalf. We will handle the administration of the shares. Although your client’s name will no longer be on the share register, they will retain beneficial ownership of the shares.

As with any shares held on our platform, our Client Terms enable clients to request to exercise voting rights and to attend meetings of investors. We may charge £25 for this service. We will not exercise any voting rights attached to shares, gilts or corporate bonds unless you instruct us to do so.

Yes, although you will need to enter the original acquisition dates and costs into the tool to get accurate figures for the period before the transfer.

Each advisory firm needs to be aware of the permissions it has from the FCA and offer advice according to these.

As long as it passes our minimum investment criteria, then we should be able to complete the re-registration of a single share.