This post has been de-listed (Author was flagged for spam)
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
Hi all
Another week, another email has been sent to the HM Treasury's Digitisation Taskforce! This time we're on WEEK NINE!
And still no response back.
Yo - Taskforce, why are you ignoring us?
Makes you think whether the UK Government are less interested in engaging with shareholders than they are trying to take full ownership of our financial assets.
Check the out the previous weeks below:
I'm sharing this to make sure we don’t lose track of all the work we've done with this. As we're reminded with We The Investor's email that was submitted earlier this summer:
Link to tweet: https://twitter.com/dlauer/status/1703756392421577054
Link to webpage: https://advocacy.urvin.finance/advocacy/we-the-investors-uk-digitization-task-force-recommendations
In case you're a little out of the loop - you can catch up here:
TL;DR
- 🇬🇧 All UK shares are going fully digital. As they remove paper certificates - they'll be completely revamping how the UK manages share trading, settlement, and record-keeping. This digitisation taskforce are discussing this as we speak. Find out more here.
- 🚨 Out of four proposed models, - the UK HM Treasury are advocating for the mandatory removal of ownership of shares as they are moved into a Central Securities Depository (CSD), as managed by the state.
- ⚠️ In simpler terms, your ownership rights might go to a government representative.
- 💰 They also want to charge you for using your shareholder rights, unlike before.
- ❓ How do they intend to get away with this?
- 👀 They're thinking of changing laws to make taking ownership of your assets legal. Under "Recommendation 2", Pg. 23 - they state this "may require an amendment to primary legislation to address legal title transfer" = AKA they want to change the main laws (primary legislation) to allow the legal the transfer of your ownership to them.
- 🚩 The proposal language is loose with a great deal of ambiguity. It's not clear which shares are affected, posing a risk to already DRS'd shares and all other UK shareholder assets.
- 🌎 The UK's Digitisation Proposal doesn't just affect the UK - this is a blueprint for global shareholder rights erosion - it threatens to seize legal ownership of shareholder assets and jeopardises property rights everywhere.
- 📢 We need to be involved in these ongoing discussions - and that place at the table is absolutely our right. They are OUR government, as elected and funded by the UK Taxpayer to serve us. The HM Treasury need to re-open the communication channels - and we're reaching out to our MPs for help to make this happen.
https://i.redd.it/iy6knnb1wa5c1.gif
But don't just take my word for it.
🔎 Want to do your own research on the matter?
Excellent - we love nothing more than apes who perform their own due diligence, and you can do that by checking out any of the posts here:
🚨 🚨 🚨
- Dave Lauer & We The Investors' full response to the UK Digitisation Task Force is here: https://advocacy.urvin.finance/advocacy/we-the-investors-uk-digitization-task-force-recommendations (with an accompanying reddit post, here)
- Dr. T's letter to the UK's Digital Taskforce: https://ko-fi.com/post/Comments-on-UK-Digitisation-Taskforce-Interim-Repo-Q5Q1PFS43 with link to her tweet: https://twitter.com/susannetrimbath/status/1705061361892630680
- Shareholder Feedback overview here: https://www.shareholder-feedback.com/en/home/
- GOV UK - Proposal here: https://www.gov.uk/government/publications/digitisation-taskforce
- The dissection of the UK Proposal - made easy for apes: https://www.reddit.com/r/Superstonk/comments/16de7gy/moass_must_be_close_the_uk_government_are/
- Overview with email templates and "how-to" here: https://www.reddit.com/r/Superstonk/comments/16qyuef/calling_all_investors_the_uks_digitisation/
- "UK Digitisation Taskforce & DRS: A one-stop post for advocacy to protect your right to DRS! A comprehensive review with insights to use your voice to shape the future of direct registration": https://dismal-jellyfish.com/your-voice-matters-protect-drs/ - Collab w/ dismal-jellyfish
As such, this post is dedicated to gently remind the UK's HM Treasury that as investors we expect to be very much included in any and all conversations in which affect our shares - especially when they aim to alter the very laws that govern our ownership rights, allowing for the legal transfer of our assets to a state-managed nominee.
AKA - making us the beneficial owners of our own assets.
⚠️ 🌎 Remember:
The UK's Digitisation Proposal isn't just about the UK—it's a blueprint for global shareholder rights erosion - it threatens to seize legal ownership of OUR assets and jeopardises property rights everywhere.
As such, this should not be a closed door discussion, this is a proposal that requires public scrutiny and open conversation - in which we can assure there is plenty of transparency and accountability, with shareholders best interests at the forefront of every decision as made by the HM Treasury.
We wholly expect to be included in the process of any of the ongoing conversations as had by the government - aka, these tax funded civil servants - and them prioritizing our needs above all else.
So we're going to put ourselves at the table, invited or otherwise.
No more proposals with sneaky agendas slipped under the radar.
So here we go:
So we're still waiting to hear directly from source, but there's more than one way for us to get our voices out there.
Do you fancy helping turn this ripple into a wave?
Of course you do - because here on Superstonk, we know how to make a splash.
https://i.redd.it/1701o9c1wa5c1.gif
🚨 LETS GET OUR LETTERS SENT TO OUR MPs TO MAKE SURE OUR VOICE IS BEING HEARD 🗣️
This week we had a look at responses from two MPs who have replied back to some excellently diligent apes who reached out to their local representatives to help enact much needed change as they advocated for their seat at the table.
What absolute heroes those wonder users are - and to all those else who have been contacting their MPs, thank you and well done 👏 👏 👏
https://i.redd.it/nhpogac1wa5c1.gif
And if you want to check out those response (which also includes a response from Economic Secretary, Bim Afolami) - you can do so here:
- PART ONE: https://www.reddit.com/r/Superstonk/comments/18a0ak2/part_one_britain_is_bankrupt_mps_arent_keeping/
- PART TWO: https://www.reddit.com/r/Superstonk/comments/18a7fuc/part_two_the_uk_have_more_tricks_up_their_sleeve/ - Response from Economic Secretary (!!)
And if you want to fight to ensure shareholders are properly represented within the ongoing works as performed by the digitisation taskforce and - you send an email of your own:
Below I've mocked up a template to help inspire your own emails to your MPs but if you just want to write your own, here's a structure which might help you get started:
And if all you are looking for is a little bit of motivation - well know just two minutes of your day could change not only the rest of your life, but the entire financial landscape as we know it.
Let's ensure our shares remains DRS'd.
https://i.redd.it/pmie7yuyva5c1.gif
Subject: Urgent Appeal for Advocacy and Representation of Shareholder Rights within the UK Digitisation Proposal
Dear [Local MP's Name],
I trust this message finds you well and fully engaged in your responsibilities representing our community.
Please find the relevant reading for said proposal here: https://www.gov.uk/government/publications/digitisation-taskforce
The shift towards a Central Securities Depository (CSD) model, mandating the transfer of legal ownership to a nominee, is a major concern. This alteration could fundamentally change shareholder dynamics, making us beneficial owners rather than retaining crucial legal ownership.
Additionally, the opt-in requirement for services and associated charges raises questions about the overall impact on shareholder empowerment. The proposed model introduces a separation between legal and beneficial ownership, potentially limiting our ability to actively participate in decision-making.
The "opt-in" approach for intermediaries to provide a "baseline service" further raises concerns about alignment with shareholders' best interests. This contradicts the proposal's alleged objective of benefiting shareholders.
As a concerned taxpayer and shareholder, I urge your advocacy to ensure that proposed changes consider the rights and interests of individual investors. Specifically, shareholders advocate for preserving a direct registrar system, maintaining shares on the primary registrar under our legal names. This preserves a direct link between shareholders and their investments, upholding the integrity of ownership rights.
The importance of holding shares in our own legal names cannot be overstated; it is a cornerstone of shareholder autonomy and accountability. Your support in championing these critical aspects will contribute to a fair and equitable outcome for shareholders globally.
I kindly request your support in highlighting these concerns to relevant authorities, notably HM Treasury and Douglas Flint, the chairman of the Taskforce - and ensuring that we are involved in the ongoing discussions. We want representation and active involvement in matters as directly affect us. This will ensure that constituents' voices are heard in ongoing discussions about the digitisation proposal, aligning with principles of fairness and equity in our democratic system.
As such, can you please reach out to the HM Treasury to get answers the following:
- Could you provide details about the comprehensive engagement plan that will be implemented to actively involve shareholders in the ongoing discussions of the Digitisation Taskforce? The inclusion of shareholders is crucial for ensuring that the proposed rule changes accurately reflect the best interests of those who will be impacted.
- When can we anticipate the Digitisation Taskforce, initiated by HM Treasury and funded by UK taxpayers, to establish a comprehensive engagement plan specifically designed to involve shareholders in the decision-making process?
- Is there a commitment to maintaining open lines of communication to acknowledge and recognize the vital role of shareholders throughout the ongoing Digitisation Taskforce discussions? If not, could you please elaborate on the reasons for such a decision?
Thank you for your attention to this matter. With your advocacy, we can work towards a solution that safeguards the interests of shareholders in our community.
Sincerely,
An Invested Shareholder
⭐️ ⭐️ ⭐️
____________________________
A TEMPLATE COPY & PASTEBIN: https://pastebin.com/EbmfRYwy
____________________________
Don't just use my words though - Find your own voice.
Be inspired to write your own letter, because your voice is so uniquely your own.
If you're still learning how to perfect the art of letter writing, or simply a little short on time, check out the guides below:
ChatGPT - https://chat.openai.com/chat - is a AI language model that is designed to help make things easier for you.
All you need to do is copy & paste the letter template into ChatGPT and ask the programme to refashion the text into an email template ready to send.
It's free, quick - and easy to use!
Here's a prompt ready to help:
- Write a formal letter using this extracted copy & pasted text to express concerns about the proposed avocation for the mandatory removal of DRS'd shares into a Central Securities Depository (CSD), as managed by the state and its potential negative impact on [Stakeholders/Industry/Community]. Provide detailed reasons and supporting evidence for your opposition, maintaining a respectful and professional tone throughout and advocate in your letter to [HM Treasury/MP Representative] for increased transparency and an active involvement on behalf of shareholders in any future decision making.
REMINDER:
ChatGPT is a writing tool that could be used to help create a basis for your comment/email.This remains an unreliable source for verified information and facts and will always require people to asses/compare/research and cross-reference the generated responses.
❗️ ⚠️ REALLY IMPORTANT ⚠️ ❗️
**YOU MUST READ THROUGH AND FACT CHECK YOUR RESPONSES**
This AI language model sometimes produces incorrect responses - so when you choose to embrace new technology as a tool/resource to help aid your learning - you must ensure that you are dedicating the same time to be accurate in your prompts, and in your critical review of the content as produced.
You are the fact checker, not the AI platform.
Happy commenting!
UK Apes 🇬🇧
This is so super easy to do, all you gotta do is click on this link here:
https://www.writetothem.com/
And follow the instructions - in four easy steps:
- Enter Postcode
- Choose Representative
- Write Message
- Send
And that's it.
https://i.redd.it/tbi5rnb1wa5c1.gif
That's right folks!
Four simple steps to contact your MP representative and protecting your GME shares.
And what's better?
☎️ YOU CAN ALSO CALL YOUR MPs ☎️
Fuck yeah!
If you give them a ring, you can use the talking template below:
☎️ Hello [MP's Name],
☎️ I'm [Your Name], a resident in your constituency.
☎️ I'm reaching out about concerns regarding the UK Digitisation Taskforce's proposal, particularly the shift to a Central Securities Depository model. This has global implications, impacting securities trading and raising concerns about ownership rights.
☎️ I'm particularly worried about how this shift could affect shareholder empowerment, especially with the proposed opt-in system. Holding shares in our legal names is crucial for autonomy. As investors, we seek an inclusive and transparent decision-making process, not a rushed one.
☎️ I'm calling to formally request your support in advocating for these concerns and asking if you could bring them to the attention of HM Treasury and the Taskforce Chairman. Your support can contribute to a fair outcome for investors in our community.
☎️ Thank you for your time, and I look forward to hearing your thoughts on this matter.
😊 🙏 Please be kind when you call - we're trying to influence the process, not make enemies.
And you wanna know how to find their contact number? It's super easy, follow this link:
https://members.parliament.uk/FindYourMP
So go on UK Apes 🇺🇸💪
Protect your shares - defend DRS - get involved with Rules and Regulation to safeguard your assets and future 🇺🇸💪
And once again, thank you to all those apes who have already contacted their MP representative. It's important that we fight for representation.
TL:DR
- The UK aims to digitise shareholding
- Proposal here: https://www.gov.uk/government/publications/digitisation-taskforce
- UK digitisation Taskforce are advocating for mandatory transfer of your shares to a state-managed nominee.
- The proposal suggests amending legislation to allow the legal title transfer of your shares to the nominee.
- This means that legal ownership of your assets will shift to the state, resulting in making shareholders beneficiaries only.
- This has massive impact on shareholder rights, and will limit our control over shares.
- We're sending letters to the HM Treasury/Taskforce because we want to decide just how our shares managed in the UK - but no response just yet.
- 🇬🇧 🦍 We're also contacting our MPs too to apply pressure - to ensure we're being properly represented.
- This is how you can find your UK representative: https://www.writetothem.com/ & https://members.parliament.uk/FindYourMP
- Copy & paste template - or use this to inspire your own letter (use your own voice): https://pastebin.com/EbmfRYwy
- Protect DRS
Subreddit
Post Details
- Posted
- 11 months ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/superstonku...