Swiss registered shares

Swiss Registered shares

The holding in the Swiss Registered shares remains unregistered until the registration has been requested and processed.

In the Swiss market, if a person holds the Swiss Registered shares but does not register, he/her is still owning the shares economically, but the issuer company is not in the position to recognize them as a shareholder. To be recognised as a shareholder with full rights, this person must register in the company’s share register.  

However, if the shareholder wishes to participate in a general meeting, the registration of securities is mandatory. Temporary registration can be used for this purpose, as described in the Announcement A25073.

Note: The registered position is blocked and not available for settlement. To allow settlement, the clients will need to deregister their position.

Permanent registration

Registration

Clients wishing to request a permanent registration should send an MT599 free-format message or Xact Web Portal message, marked “Attn: Settlement Department – PSL SWISS RS” and containing the following details: 

• Request for Registration  
• Client's name and CBL or 6-series five-digit account number. 
• Contact Email Address of the client for potential queries. 
• ISIN and name of securities. 
• Quantity of shares. 
• Beneficiary Owner Details: 

For legal persons: 

• Name 
• Address details: Street Name and Building Number (if available), Post Code, Town Name, Country 

For natural persons: 

• First Name and Last Name 
• Address details: Street Name and Building Number (if available), Post Code, Town Name, Country, Date of Birth.

After the information provided in MT599 has been validated, the client position will be blocked and Clearstream will trigger registration process via SIX SIS.

De-registration

To deregister, the clients must send a deregistration request, via Swift MT599 free-format message or Xact Web Portal message, marked “Attn: Settlement Department – PSL SWISS RS” and containing the following details:

• Request for deregistration
• Client’s name and CBL or 6-series five-digit account number.
• Contact email address of the client for potential queries.
• ISIN and name of securities.
• Quantity of shares.
• Beneficiary Owner details provided previously in the registration request.
• Skontro Number (Shareholder ID) received from the registration process.

When the deregistration is completed, the client position will be unblocked and available for a transfer.

Amendment of registration details

Amendment of Beneficial Owner details requires deregistration and reregistration as per process described above.

General Authorisation for Registration Form (GEE) requirements

Clients must be prepared to provide a General Authorisation for Registration Form (GEE) upon request from a share register, particularly for real estate companies subject to Swiss federal law.

Clearstream strongly recommends having the completed GEE form ready before sending registration request. If requested, the completed form must be sent to Clearstream via email without delay. Failure to provide this form promptly can delay registration processing.

The GEE form must be completed at the beneficial owner level, different templates to be used for legal entities and individuals.

To request the form templates, please email CADATABASE.CS(AT)CLEARSTREAM.COM with the subject: "PCP GEE FORM Switzerland".

Transfers for the registered shares with registered holdings

External transfers of registered securities - deposits into or withdrawals from Clearstream - require deregistration as per process described above. Once the transfer is completed a new registration must be triggered if required as per process described above.

Internal transfer of the registered securities between two Clearstream accounts may be completed without deregistration, provided there is no change in the Beneficial Owner.

For both deposits and withdrawals, clients are requested to send the Swift MT599 free-format message or Xact Web Portal message to Clearstream, to the attention of “Attn: Settlement Department – PSL SWISS RS” and containing all relevant transfer and registration details (e.g. trade details, from/to CBL account, ISIN, quantity, registration details, contact details).