Have a Finance Question? Ask a Financial Expert Online.
They get it from the depository/custodian
It is provided again when the shares change owners
Now, if this is PRIVATE non-registered stock, there will be no transfer agent and the information is kept by the organization itself (the company, for example, in which you which you are an investor/owner)
Here are three links that deal with the various transfer agents that my apply in Hong-Kong, depending on the class of/type of equities you own:
Let me know if you have questions ... I hope this has been helpful
Thank you for your response. But some more details will help.
In Hong Kong, if the transfer agent wants to get regular information on ownership of share holding (i.e., the change in ownership as shares are bought and sold), who they should approach? Normally, the depository provides the share holder information ahead of corporate actions. Do the depositories also give the information on a on-demand basis? Or is there a regular feed that they provide which can be subscribed to? If so, can you please share the link for the details / process around this? Thank you.
Thanks again. What about Hong Kong? Does the depository/ stock exchange allow transfer agents to get online data of share holders / changes in share holding ?
Yes,All of the links I provided, for example were either transfer agents in Hong-Kong or Asian desks for global operations that address hong-king shares and/or hong-kong investors that invest globally.Short answer is that (if the stock HAS a transfer agent), they will be using one (at least one) of the platforms mentioned above and have access to the data in real-time....your positive rating is thanks enough (that's the only way I will be paid for my time).Thank YOULane
Hi - Thank you for following up. I too enjoy working with you. I am looking for info on the following:
a. In US, there is the concept of OBO/NOBO shareholders. Is this concept /practice applicable in Hong Kong/ Singapore markets?
b. When transfer agents need beneficial share holder information, do they have to approach the central depository in Hong Kong/ Singapore? And in turn the individual depositary participants who may have the omnibus accounts ? If so, what fees, if at all, they have to pay to get this data?
c. When a company changes TA, do the new TA get the existing shareholder data from the old TA? If so, what charges are to be paid?
Attachments are only available to registered users.