‘It’ll be re­solved but it’s tight’

Irish Independent - - Business -

BREXIT has thrown up all man­ner of chal­lenges. Where share sales and pur­chases are set­tled is just an­other one of them.

Regina Bre­heny said that while it shouldn’t be an oner­ous task to trans­fer the set­tle­ment of shares to Brus­sels, the time line could be an is­sue.

“It will be re­solved, but it’s tight,” she said, adding that it had taken quite a bit of prod­ding to get this is­sue moved up the agenda.

“It is go­ing to be a ma­jor is­sue come March if some­thing doesn’t hap­pen.”

How­ever, she’s op­ti­mistic a so­lu­tion will be im­ple­mented.

For Ir­ish share­hold­ers, the be­hind-the-scenes machi­na­tions will most likely go largely un­no­ticed.

“Most or­di­nary share­hold­ers prob­a­bly don’t even re­alise where their shares are held,” said Ms Bre­heny.

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