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| 2009 February: The UK Platform Group commits to work towards allowing re-registration. 2009 March: Parliament approves the “wet signatures bill” which removes the need for clients to sign paper transfer documents. This paves the way for electronic re-registration. 2010 March: Financial Services Authority (FSA) issues discussion paper "DP 10/2: platforms: delivering the RDR and other issues for discussion" in which paragraph 4.11 states that "Due to the potential for customer detriment, we are minded to make it compulsory for platforms to allow assets to be re-registered off their platform no later than the implementation of the RDR on 31 December 2012. This gives the industry time to agree and put in place an automated solution, but we will expect re-registration to be available whether an automated solution is in place or not." 2010 April: TISA co-ordinates industry approval for electronic Re-Registration to be based on IS020022 formats, and allows flexibility of means of delivering the standard format messages. 2010 June: TISA starts its re-registration programme office. 2010 October: Issue of the Securities Market Practice Group paper "UK Market Practice - Investment Portfolio and Fund Transfers" 25 January 2011: Issue of the draft Service Level Agreement |
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