Initial Recording of Securities Process for Listed Issuers
Application
The Listed Issuer submits their application for the initial recording of securities, along with the respective supporting documents, as outlined in Resolution 3 of ATHEXCSD.
Evaluation
ATHEXCSD processes the application and, upon approval from the Trading Area Operator, accepts the listing of Issuer's shares on the Trading Area.
Application Approval
Once ATHEXCSD has accepted the application, the Listed Issuer:
- Requests shareholders to:
o Submit their share titles
o Declare their full details, including Share and Securities Account information, and Participant Account details
o Declare their rights in rem in securities - Completes and submits the Document of Dematerialisation of Tangible Shares to ATHEXCSD
- Is notified by ATHEXCSD about the dematerialisation and completes the recordings
- Cancels the received securities on the dematerialisation date
Application
The Listed Issuer submits an application of initial recording and the supporting documents, as outlined in Resolution 3 of the ATHEXCSD Board of Directors.
Evaluation
ATHEXCSD processes the application, and approves it.
Application Approval
Once ATHEXCSD has accepted the application, the Listed Issuer:
- Requests shareholders to:
- Submit their share titles
- Declare their full details, including Share and Securities Account information, and Participant Account details
- Declare their rights in rem in securities
- Completes and submits the Document of Dematerialisation of Tangible Shares to ATHEXCSD
- Is notified by ATHEXCSD about the dematerialisation and completes the recordings
- Cancels the received securities on the dematerialisation date
Initial Registration Service via Immobilisation
When converting tangible shares to dematerialised shares, the dematerialisation process applies. Shares are immobilised upon reception by ATHEXCSD, based on the mechanisms and systems it maintains for their secure custody.