CREST System definition

CREST System means, as the context may require, the computer-based system and procedures established by Euroclear UK & Ireland to enable title to units of securities to be evidenced and transferred without a written instrument and to facilitate supplementary and incidental matters and the services (if any) provided by Euroclear UK & Ireland (whether to the CREST Member or any other person) which are referred to in the CREST Manual but which do not form part of such system;

CREST System means the electronic system for the transfer of shares and other securities operated by Euroclear UK & Ireland Limited;

CREST System means the settlement system operated by CRESTCo;

Examples of CREST System in a sentence

• The entitlement of CREST members holding CDIs to a dividend will be based on their holdings in the CREST System on the relevant record date.

• These service offerings differ from each other in some respects as well as from the current service offering available in respect of Participating Securities which are currently admitted directly to the CREST System.

• You are recommended to refer to the CREST Manual for details of the procedures applicable in relation to withdrawal of shares from the CREST System.

• Only Shares which are held in uncertificated (i.e. dematerialised) form are eligible for admission to the CREST System.

• At present, trading in Shares is settled electronically via the CREST System, which is the London-based securities settlement system operated by EUI.

More Definitions of CREST System

CREST System means the computer based system and procedures which enable title to securities to be evidenced and transferred without a written instrument administered by CRESTCo Limited;

CREST System means the computer-based system operated by Euroclear UK for the transfer of uncertificated securities;

CREST System means a settlement system owned and operated by Euroclear UK & Ireland;

CREST System means the system developed and operated by EUI, of which the Registrar is a member, for the purpose of enabling companies and other persons to permit the holding of units of securities issued by them in uncertificated form and the transfer by means of the system of title to units of such of those securities as are held in uncertificated form, as well as the payment of dividends in respect of such securities, the making of rights issues and the taking of other corporate actions by the Company as a participating issuer.

CREST System means the computerised settlement system (as defined in theGuernsey Regulations) operated by Euroclear which facilitates the transfer of title to shares in uncertificated form;

CREST System means the computer-based system operated by CRESTCo Limited for the transfer of uncertificated securities. “FSA” means the Financial Services Authority in the United Kingdom.

CREST System means the system for the paperless settlement of trades in securities and the holding of uncertificated securities in accordance with the CREST Regulations operated by Euroclear UK & International Limited (or any successor or assignee of it in such capacity from time to time) or any replacement for such system from time to time;