The Accounting Register of Book-entry and the Shareholder Register Book service offer technical support for keeping the book-entry record of unlisted securities as well as the register book of shareholders, both of securities admitted to trading on a regulated market or multilateral trading system, and unlisted securities with the book entry record in Iberclear.
The shareholder registration services are as follows:
Contact us: firstname.lastname@example.org / +34 91 709 53 43 / +34 93 401 35 53
The Shareholder Register Book (LRA) has the purpose of registering the daily movements of the balance of the shareholders of the companies derived from the transactions settled, thus offering the possibility of knowing in detail the information that identifies the shareholders of the companies. Through a simple technical connection, company managers can consult individual shareholder information, current balance, and historical movements, as well as aggregated information by nationality, percentage of capital, etc.
Article 497 of the restated text of the Capital Companies Law recognizes the issuer's right to know the identity of the shareholders regardless of whether their shares must be nominative by legal provision or not. The issuer may request the treatment of its shares "as nominative" to identify its shareholders. This allows companies with bearer securities to have an LRA that offers the daily detail of said shareholders and their movements.
Both the Issuing Company and the designated Management Company have a connection that provides them with instant information on the shareholders' record.
In addition to the real-time information indicated previously, multiple complementary reports are provided with information related to the shareholders’ record (list of shareholders at a date, details of a registration, movements in a period, etc.).
The transactions reported by each of the transaction settlement services are automatically registered on the next business day from the date of the information reception.
Identification of shareholders’ data: address, description of the registered transmission, special conditions of the securities, etc.
The communication of the information by the securities settlement services and the updating in the register system is done by computing means without any manual intervention, which guarantees the exact registration of the communicated transmissions.
The Accounting Register of Book-entry (RAC) service offers the Issuing Company, or the Management Company designated by it the possibility of registering all the transactions that take place to know in detail the information that identifies the shareholders of the company. Through a simple technical connection, company managers can consult individual shareholder’s information, current balances, and historical movements on their own terminals, as well as aggregated information by nationality and capital percentage, among others.
Both the issuing company and the entity in charge of keeping the accounting record have a connection that provides them with instant information on the accounting record.
In addition to the real-time information indicated previously, multiple complementary reports are provided with information related to the registry (list of shareholders on a date, details of a registration, movements in a period, etc.)
Reported transactions are recorded at the time of their entry.
Identification holders’ data: address, description of the registered transfer, special conditions of the securities, etc.
Issuance of position certificates for the exercise of economic and political rights.