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Howdy folk and happy new year!
Life in the UK is certainly an experience these days - which is why we're keeping focused and engaged with how best to protect our investments - safeguarding DRS because our assets should be held in our own legal name.
This is especially important given how much trouble the UK Government are in -
Perhaps your New Year's resolution this year was to accomplish something heroic, incredible, or life-changingly awesome. But if per chance you forgot to add those to your list, why not add it now? As I'm about to show you how to check it off in a majestic, history-making style.
So UK Shareholders - let's roll up our sleeves and start making history.
And that starts with putting us at the table.
So you may have seen the work we have been doing to discuss the various antics as going on in the UK at the moment, particularity surrounding the UK Government's recent attempt to digitize the ways in which we hold shares.
Unfortunately - the Taskforce they have allocated this responsibility and undertake this mammoth task are advocating for a model in which will see the mandatory removal of ownership of shares as they are moved into a Central Securities Depository (CSD), as managed by the state.
Uh oh.
And lord knows we've been trying on a weekly basis to get involved within the ongoing conversations - as there's nothing more important than our voice being represented.
But in brilliant news (!!) we've seen an abundance of UK shareholders reach out to their MPs to gain more clarification on these ongoing matters, which we have explored in these posts here & here.
And recently - even more responses from the UK Economic Secretary himself, Bim Afolami:
If you want to check out more about his work independent of his role as Economic Secretary and why his name has been hitting the headlines, you can check out more in this post here.
So let's check out some of the responses we've seen posted since the start of the new year:
With much credit and appreciation to LannyDamby for sharing this response with the community. 👏
Please find the original post here.
Again, we see Bim Afolami - the Economic Security - state that due to the Taskforce being an ‘independent operation’ to that of the HM Treasury, it would be "inappropriate" for him to respond.
SIGH.
But the fundamental point of the matter is that we're asking to be included in these ongoing conversations within the Taskforce so we can assure that the findings as proposed in the finalised report are reflective of the needs and wants of the stakeholders in which they affects.
We are asking for representation in these ongoing discussions - so why isn't this being prioritised?
It's very disappointing, isn't it?
Why are our needs and wants being relegated to a secondary status, subservient to what the government deems as the appropriate course of action? The government, financed by taxpayers, is supposed to operate on our behalf. It should actively collaborate with stakeholders rather than excluding them.
But alas - we continue to push for engagement.
Like here - we see another incredible ape share their correspondence too, like the hero they are:
With much credit and appreciation to Anovagh for sharing this response with the community. 👏
Please find the original post here.
Yet again - we're being told to sit tight and do nothing and let the Government to take charge.
Why are we being denied active representation and inclusion?
The Government's purpose is to serve us. And we're here to politely remind them of this.
And here's how to do exactly that:
Taking these very quick and easy steps are so very important to help protect the well being of YOUR shares. Let's do what we can to protect DRS - with our assets safe in our name.
(....and 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/4a5bkf6c5scc1.gif
And what's better?
☎️ YOU CAN ALSO CALL YOUR MPs ☎️
Here's how to find their contact number? It's super easy, just follow this link:
https://members.parliament.uk/FindYourMP
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.
☎️ Especially concerning is the impact on shareholder empowerment with the proposed opt-in system. Holding shares in our legal names is crucial for autonomy. Directly registered shares (DRS) on the primary register are vital, and their sanctity should not be threatened.
☎️ As investors, we seek an inclusive and transparent decision-making process. We want to be actively consulted and engaged in the report, which is currently lacking.
☎️ I'm calling to formally request your support in advocating for these concerns and our continued involvement within the taskforce. We want the final report to truly reflect our needs and wants.
☎️ Your support can contribute to a fair outcome for investors in our community. I appreciate your attention to this matter.
☎️ 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 positively influence the process, not make enemies.
If you need something to guide and inspire you - why not check out these talking points here to get you started.
Talking points:
- ✅ Express concerns about proposed changes by the Digitisation Taskforce.
- ✅ Highlight potential implications on individual investors, especially the shift to a Central Securities Depository (CSD) model.
- ✅ Emphasise the significance of legal ownership for shareholder autonomy and control.
- ✅ Express concern about the lack of public involvement and transparency in Taskforce discussions.
- ✅ Kindly ask government representatives to actively involve the public and fulfill their role as representatives.
- ✅ Suggest specific methods for public involvement, such as polls, Q&A sessions, and online forums.
- ✅ Address concerns about the Economic Secretary's deferred responsibility and contradiction in characterising the Taskforce as independent.
- ✅ Stress the importance of granting the shareholder community a meaningful opportunity to provide input, urging MPs to champion increased public involvement.
And here's an example template letter for you to use in any way you need:
If you would like to use this letter template to send to your MPs - please find a copy & paste version here: https://pastebin.com/jWiUBicx
Be inspired to write your own letter, because your voice is so uniquely your own.
But if you're still learning how to perfect the art of letter writing, or simply a little short on time, why not check out how to use the following talking points:
To make a letter of your own:
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!
Power to the shareholders! 🚀 💪
And just like that, you're done!
https://i.redd.it/3vo0vyvj5scc1.gif
It's that easy!!
Don't let apathy be the reason your shares ownership rights get taken away from you - fight for representation.
Fight to protect DRS 💪
https://i.redd.it/wyonrs7kascc1.gif
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.
- 🚨 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.
Read more about it here: https://www.reddit.com/r/Superstonk/comments/16de7gy/moass_must_be_close_the_uk_government_are/
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