Notification and subscription of corporate actions like Dividend Reinvestment Plan (DRP), general meetings, general offers, share conversion etc still largely manual
E-rights subscription remains low
Online trade blocks placed on securities undergoing share consolidation exercises
The objective
To enable digitisation of corporate actions, ranging from notification to subscription and/or payment
To enable investors to trade seamlessly during a share consolidation exercise
Issuance of directive and Practice Note by SC to all CMSL holders requiring them to cease trading blocks on securities undergoing share consolidation exercises to facilitate seamless online trading by investors.
2.
Facilitating for fully virtual and hybrid general meetings
Listed issues will have to offer shareholders an option to convert shares electronically, electronically subscribe to rights issues and electronically participate in dividend reinvestment schemes