this post was submitted on 01 Sep 2023
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DRS Your GME

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New UK government proposal aims to forbid investors from using the DRS or physical certificates. They want you to own nothing and be happy about it. Let them know that you're not happy! (lemmy.whynotdrs.org)
submitted 11 months ago by bibic_jr@lemmy.whynotdrs.org to c/drs_your_gme@lemmy.whynotdrs.org
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The UK government are trying to force investors to hold shares in a broker or other nominee. They want to remove the option to DRS digitally recorded shares entirely, meaning UK investors would no longer be allowed to own their shares.

This is pretty disgusting imo and needs to be addressed. Check out this site for further info, and for what you can do about it (it's an email much like SEC stuff).

https://www.shareholder-feedback.com/en/home/

I think investors need to get loud about this or I, along with 10,000+ UK holders will be forced to remove our GME shares from DRS. Please share this wherever you can!

More about the proposal and taskforce here:

https://www.gov.uk/government/publications/digitisation-taskforce

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[–] dishwashingunit@lemmy.whynotdrs.org 8 points 11 months ago

tell me we're winning without telling me we're winning

[–] Chives@lemmy.whynotdrs.org 7 points 11 months ago (1 children)

This needs more attention! I had no idea it was going on until you shared it with me.

The email comments are open until 9/25/23. Less than a month to reply.

UK Gov Report: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1168398/digitisation_report.pdf

(See pg14 for list of possible routes. pg23 they state 3rd option is preferred)

Computershare's response:

https://content-assets.computershare.com/eh96rkuu9740/b6d2096ed675446da100e6b5ccbcbc92/1078b3957fdbedbdffbd67ee9278a9c3/SCRR-Digitisation-of-Shareholdings-Discussion-Paper.pdf

[–] bibic_jr@lemmy.whynotdrs.org 3 points 11 months ago

Thank you! I forgot to come back and put the response link here as well.

[–] AnimorphFan1996@lemmy.whynotdrs.org 5 points 11 months ago (1 children)

Red alert! The government wants to take away your right to DRS. Comment and share! 🚨

[–] bibic_jr@lemmy.whynotdrs.org 3 points 11 months ago (1 children)

I rarely go for urgent calls to action but this one is worth it by the looks of things! We got to protect DRS!

[–] RCisthename@lemmy.whynotdrs.org 3 points 11 months ago

So fucked..