The Personal Investment Management & Financial Advice Association (PIMFA)

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PIMFA response to HMT Digitisation Taskforce Interim Report

PIMFA Consultation Response to FCA Digitisation Taskforce Interim Report published 10 July 2023. Whilst we agree with the potential recommendations, it is important that certain issues are taken into account when defining what ‘as soon as practicable’ means in this context. These include: Shareholder education; bringing forward legislation to require dematerialisation of all share certificates at a future date, to be determined as soon as possible; chosen Digitisation model; Legislation should be brought forward, and company articles of association changed, as soon as practicable to stop the issuance of new paper share certificates
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