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Old 21st August 2008, 08:00 AM
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Default Re: Change of address

Quote:
Originally Posted by Avocado View Post
billions: It is necessarily wrong. Registrars are not allowed to change addresses by simple contact from your stockbroker. If they do, they're doing wrong; and it's illegal. Your signature is needed to confirm the transaction, that's if the registrars have a specimen of your signature. If they don't, some registrars will accept an indemnity from your stockbroker, but only to support a presentation of your signature; the surest is to send a banker's mandate.

lumidii: One way ahead that's helpful is to get write to the CSCS to change the address; once the CSCS does, the work of the registrars become a tad easier; and you don't have to do it for every new stock. I used this route: got the address changed at the CSCS, and then bought very small units of all stocks owned prior to the address change; this forces an update of address with the registrars.
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Well, i remember that i was told(by my broker) to write a change of address letter to d registrars.This was taken to d registrars by my broker.

However, i hv not confirmed if d registrars acted on dis letters or not.I simply assumed that it must hv been done....maybe i will give them a call to know whatsup abt it.

Cheers.
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Last edited by billions; 21st August 2008 at 08:03 AM.
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