CREST System definition

CREST System means, as the context may require, the computer-based system and procedures established by Euroclear UK & Ireland to enable title to units of securities to be evidenced and transferred without a written instrument and to facilitate supplementary and incidental matters and the services (if any) provided by Euroclear UK & Ireland (whether to the CREST Member or any other person) which are referred to in the CREST Manual but which do not form part of such system;

CREST System means the electronic system for the transfer of shares and other securities operated by Euroclear UK & Ireland Limited;

CREST System means the settlement system operated by CRESTCo;

Examples of CREST System in a sentence

• The entitlement of CREST members holding CDIs to a dividend will be based on their holdings in the CREST System on the relevant record date.

• You are recommended to refer to the CREST Manual for details of the procedures applicable in relation to withdrawal of shares from the CREST System.

• These service offerings differ from each other in some respects as well as from the current service offering available in respect of Participating Securities which are currently admitted directly to the CREST System.

• Insofar as it applies to Irish companies, the CREST System is also regulated in Ireland by the Minister for Business, Enterprise and Innovation under the Irish CREST Regulations.

• Only Shares which are held in uncertificated (i.e. dematerialised) form are eligible for admission to the CREST System.

More Definitions of CREST System

CREST System means the computer based system and procedures which enable title to securities to be evidenced and transferred without a written instrument administered by CRESTCo Limited;

CREST System means the computer-based system operated by Euroclear UK for the transfer of uncertificated securities;

CREST System means the wide area radio system operated by the Company, including all rights, properties, infrastructure and equipment related thereto;

CREST System means a settlement system owned and operated by Euroclear UK & Ireland;

CREST System means the computerized system which facilitates the holding and transfer of title of shares in uncertificated form, operated by CRESTCo;

CREST System means the settlement system operated by CRESTCo pursuant to the Uncertificated Securities Regulations 1995;

CREST System means the computerised settlement system (as defined in theGuernsey Regulations) operated by Euroclear which facilitates the transfer of title to shares in uncertificated form;