I had been given CREST Transfer forms in September last year in the context of a "request to sell". So I've never used them. The de-materialisation step alone didn't require it. But this time I did bother to investigate CREST more broadly. This is what I found ( CREST Accounts ). I'm not sure it applies to me, but happy to be redirected. Anyway it contains interesting details . . . 1) Most UK shareholders have their stocks held ‘in nominee’ . . . . The legal owner of these shares is . . . their stock broker’s nominee company. The shareholder . . . do(es) not appear on the shareholders register.
2) . . . you should be covered by the Financial Services Compensation Scheme (FSCS), up to a limit of £50,000.
3) . . . then followed by two paragraphs about how CREST doesn't protect shareholders (large or small) under several circumstances.
Seriously . . . this is an amateurish show, brought to PM8 for no good reason. The sooner the LSE implement blockchain the better.
PM8 Price at posting:
$1.66 Sentiment: Hold Disclosure: Held