First CREST enabled registrar for decades continues to see growth.
Dr. Hardeep Tamana, Managing Director of Avenir Registrars Ltd, commented:
“For years, the provision of CREST registry services had traditionally been dominated by a small number of legacy players. However, innovative forms of financing such as crowd funding, changing regulatory requirements and a need to cater for companies of all sizes has produced a demand for a rethink in registrar services.”
Companies have a legal duty to maintain an up-to-date register of ownership. Although this obligation can be conducted in-house, typically a third-party registrar is appointed to manage this responsibility. The advent of crowd funding has further increased the number of entities that need to maintain accurate and potentially extensive records. The same money that may have been sourced from a small number of friends or family is now being raised across hundreds or even thousands of investors, who are unknown to the company’s owners.
Dr Tamana, continued:
“By building our solution from the ground up and using the latest technologies, we have developed an intuitive, efficient system that can accommodate companies of any size. Our experienced team is well experienced in working closely with corporate advisers and as a result we can take issuers through the registration process – or migrate from another registrar to Avenir – seamlessly and quickly. We look forward to building on this growth in the years ahead.”
Avenir Registrars works with all exchanges that accept settlement in the CREST system. The company currently represents equity issuers who are listed or seeking listings on exchanges including The London Stock Exchange, NEX, The Irish Stock Exchange, the Channel Islands Stock Exchange and Nasdaq OMX. In addition, Avenir also represents a number of debt issuances.
For more details, visit www.avenir-registrars.co.uk
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