U.S. a Step Closer To Eliminating Paper Stock Certificates

Kentouris, Chris
August 2006
Securities Industry News;8/21/2006, Vol. 18 Issue 29, p1
Trade Publication
The article reports that a new system in securities ownership has been introduced in the U.S. The direct registration system (DRS) by the Depository Trust & Clearing Corp. is a requirement for companies listing on the New York Stock Exchange, Nasdaq Stock Market, American Stock Exchange and NYSE Arca for the first time. Corporations can now easily determine who their shareholders are by using the DRS accounts.


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