ASX introduced a new service on 13 December 2021 that provides shareholders in listed companies and investment products with the option to receive their CHESS holding statements and notifications electronically, through a simple election process.
Holders can opt-in (via their broker) to receive electronic statements, and also to provide their email details to the issuer (via their registry).
This provides holders with access to an electronic portal for fast, reliable and secure records of share ownership and confirmation of changes to their CHESS holding details, including a personal archive of statements that will build over time. Holders will continue to have the choice to receive paper or electronic statements.
ASX announced that fees for CHESS holding statements and notifications delivered electronically will be waived pending the introduction of the new pricing proposed to be effective on 1 July 2022.
ASX has now confirmed that effective 1 July 2022 that issuers will not be charged for electronic holding statements issues to holders. For more information refer to ‘What’s new.’
More information is available for investors and brokers here.