About SPSE Central ShareRegistry
Services Offered by the Registry
Benefits to Companies
Acknowledgements
SPSE Central Shareregistry Business Plan - Download / View File
SPSE Central Shareregistry Agreement - Download / View File
SPSE Central Shareregistry Fee Structure - Download / View File

About SPSE Central ShareRegistry

The SPSE Central ShareRegistry is a subsidiary of the South Pacific Stock Exchange. This is the first central share registry to be established in the Fiji Islands. A registry's main function is to provide services on behalf of the companies to the shareholders so that companies can concentrate on their core businesses.

The purpose of setting up of the central share registry is to centralize all listed companies (including unlisted companies) share registers that are currently held by these companies individually. The use of the SPSE Central ShareRegistry will enable all companies to manage the increasing demands of the shareholders and to effectively handle large volumes of trades on the market.

Services offered by the Registry

Some of the services offered by the Registry include; Share register maintenance, receiving, validating and processing of share transfers, printing & issuing new share certificates, Dividend distribution by all modes including direct deposit, TT’s, TMO’s and cheque, Dividend Redistribution function, Registration of new shareholders, handling general enquiries, handling IPO’s and share splits.

The SPSE Central ShareRegistry software programme has been developed by the Pro Systems (Pacific) Limited. This system is designed in such a way that shareholders who have holdings in other companies can consolidate all their securities into one statement.

The establishment the Central Share Registry in Fiji will enhance the development of the stock market. It is a step forward to develop a sound capital market not only in Fiji Islands but also for all South Pacific Island Nations. The Registry will increase the efficiency in the trading of stocks on the market. It will enable the Exchange to decrease the turnaround time from current 8 days to 6 days. The Central ShareRegistry will also process the shareholder needs individually by issuing them with shareholder statements that will advise them of their portfolios. This information will help them effectively manage their investments.

Benefits to Companies

The first company to transfer its share register to SPSE Central ShareRegistry was Fiji Television Limited. The Registry is confident that other listed companies on the South Pacific Stock Exchange will follow Fiji TV's steps and make use of the Registry.

The main objective of the SPSE Central ShareRegistry is to centralize and harmonize the records of all companies share registers and efficiently manage them. The SPSE Central ShareRegistry offers tremendous benefits to the companies and shareholders alike and it would benefit the whole Pacific Region in developing the capital market. The establishment of the Registry is a first step towards the automation of the trading and settlement system at the South Pacific Stock Exchange.

Acknowledgements

The Board and Management of South Pacific Stock Exchange would like to acknowledge and thank the Government of Fiji Islands for providing funds to the establish the SPSE Central ShareRegistry, Pro-Systems (Pacific) Limited for designing the software and Fiji-New Zealand Business Council for providing assistance to train 2 staff in New Zealand where they got first hand information about the management of the Central ShareRegistry.

SPSE Central Shareregistry Business Plan
Download / View File

SPSE Central Shareregistry Agreement
Download / View File

SPSE Central Shareregistry Fee Structure
Download / View File