Securities transmission framework introduces risk-based claim categories, standardised documents, quicker low-value processing, and streamlined succession requirements. A harmonised risk-based framework governs transmission of listed securities and asset-management-company units following the death of a sole holder or all joint holders. It introduces Quick Transmission Processing for low-value claims by immediate relatives, simplified documentation for eligible claims, and enhanced succession documentation for above-threshold claims. Standardised forms, verifiable death certificates, written acknowledgements, online tracking options and a 21-calendar-day processing period apply. Disputed claims remain outside the framework. Surviving joint holders receive transmission under the rule of survivorship on submission of the death certificate alone.
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A harmonised risk-based framework governs transmission of listed securities and asset-management-company units following the death of a sole holder or all joint holders. It introduces Quick Transmission Processing for low-value claims by immediate relatives, simplified documentation for eligible claims, and enhanced succession documentation for above-threshold claims. Standardised forms, verifiable death certificates, written acknowledgements, online tracking options and a 21-calendar-day processing period apply. Disputed claims remain outside the framework. Surviving joint holders receive transmission under the rule of survivorship on submission of the death certificate alone.
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