About Central Share Registry
Services Offered by the Registry
Benefits to Companies
Central Share Registry Business Plan - Download / View File
Central Share Registry Agreement - Download / View File
Central Share Registry Fee Structure -Download / View File
About Central Share Registry Limited
The Central Share Registry Ltd is a subsidiary of the South Pacific Stock Exchange. This is the first central share registry to be established in the Fiji Islands. A registry's main function is to provide services on behalf of the companies to the shareholders so that companies can concentrate on their core businesses.
The purpose of setting up of the central share registry is to centralize all listed companies (including unlisted companies) share registers that are currently held by these companies individually. The use of the Central Share Registry will enable all companies to manage the increasing demands of the shareholders and to effectively handle large volumes of trades on the market.
Services offered by the Registry
Some of the services offered by the Registry include; Share register maintenance, receiving, validating and processing of share transfers, printing & issuing new share certificates, Dividend distribution by all modes including direct deposit, TT’s, TMO’s and cheque, Dividend Redistribution function, Registration of new shareholders, handling general enquiries, handling IPO’s and share splits.
The Central Share Registry software programme has been developed by the Pro Systems (Pacific) Limited. This system is designed in such a way that shareholders who have holdings in other companies can consolidate all their securities into one statement.
The establishment the Central Share Registry in Fiji will enhance the development of the stock market. It is a step forward to develop a sound capital market not only in Fiji Islands but also for all South Pacific Island Nations. The Registry will increase the efficiency in the trading of stocks on the market. It will enable the Exchange to decrease the turnaround time from current 8 days to 6 days. The Central Share Registry will also process the shareholder needs individually by issuing them with shareholder statements that will advise them of their portfolios. This information will help them effectively manage their investments.
Benefits to Companies
The first company to transfer its share register to Central Share Registry was Fiji Television Limited. The Registry is confident that other listed companies on the South Pacific Stock Exchange will follow Fiji TV's steps and make use of the Registry.
The main objective of the Central Share Registry is to centralize and harmonize the records of all companies share registers and efficiently manage them. The Central Share Registry offers tremendous benefits to the companies and shareholders alike and it would benefit the whole Pacific Region in developing the capital market. The establishment of the Registry is a first step towards the automation of the trading and settlement system at the South Pacific Stock Exchange.
The Board and Management of South Pacific Stock Exchange would like to acknowledge and thank the Government of Fiji Islands for providing funds to the establish the Central Share Registry, Pro-Systems (Pacific) Limited for designing the software and Fiji-New Zealand Business Council for providing assistance to train 2 staff in New Zealand where they got first hand information about the management of the Central Share Registry.
Copyright 2017. South Pacific Stock Exchange Limited 2017.
Level 2, Plaza One, Provident Plaza, 33 Ellery Street, Suva.
Mailing Address: GPO Box 11689, Suva, Fiji | Phone: (679) 3304 130, (679) 3313 764 | Fax: (679) 3304 145 | Email: firstname.lastname@example.org