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Ireland enacts electronic vouchers
he Irish Government’s Finance Bill 2010, which had to be enacted before 9 April, will provide for electronic distribution of tax vouchers to all shareholders.
T
Issuers are currently
faced with paying 50c per euro cheque in Medallion Stamp Duty, as well as print and mail costs for issuing cheques or tax vouchers. These costs can now be significantly reduced by incentivising shareholders to use Capita’s eTV and CREST dividend facilities. “With the Irish banks
targeting the elimination of cheques by 2016, now is the time to start moving to a full electronic payment
solution,” says Pat O’Donoghue (pictured above), Managing Director of Capita Registrars (Ireland).
Contact Pat O’Donoghue on +353
1810 2429 or podonoghue@ capitaregistrars.ie.
Securing your email correspondence
plague people’s inboxes, Capita Registrars is introducing a secure service which encrypts emails and provides you with a secure web portal for their retrieval. Whenever we need to send you an email containing personal or sensitive information, you will receive a notification email in your inbox. This email will provide a link to the secure web portal where you can view the email along with any attachments and download these as required. Access to the web portal is by secure log-in only, using your
W
SPRING 2010
ith email scams continuing to
Beware the boiler room
O
ver the past few years, boiler room scams have hit the headlines on many occasions,
but how aware are companies about the dangers facing their shareholders? And do their shareholders know what to do if they are targeted? Boiler rooms are a type of scam
email address and a password of your choice – you alone will have access to your account and the emails within it. The service – which is
free of charge – will be rolled out over the next few months.
For more information, contact your
relationship manager.
involving the use of high-pressure tactics to induce victims into entering ‘too-good-to-be-true’ contracts to buy non-existent/ non-tradable shares, or being given inflated offers for their existing shares, pending receipt of an upfront ‘insurance’ payment. “The agents can be very persuasive, often reverting to intimidating and threatening behaviour, and millions of pounds worth of losses have been suffered in the UK alone,” says Martin Dale, Capita Registrars’ Head of Compliance.
Typically, boiler rooms are based overseas, giving the victims very little, if any, restitution or right of complaint. Their true location is usually disguised, using UK addresses and phone numbers to route abroad. If people are in any doubt as to the legitimacy of any ‘cold-call’ or offer, they should refer to the Financial Services Authority (FSA) website (www.fsa.gov.uk/register/) to check to see if the offering firm has the appropriate permissions to do this, or they can call the FSA on +44 (0)845 606 1234. Alternatively they can contact the City of London Police on +44 (0)20 7601 2222.
If you would like further information about what Capita Registrars can do
to help ensure your shareholders are better informed about the potential threat of boiler rooms and other scams, please contact your relationship manager.
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