HMT publishes terms of reference for Dematerialisation Market Action Taskforce

HM Treasury has published its Terms of Reference for the UK Dematerialisation Market Action Taskforce (DMAT), which will act as a technical group supporting the delivery of the UK's paperless, fully digitised system of shareholding. The digitisation of the UK shareholding framework is being overseen by the Digitisation Taskforce, which published a final report in July, on the three step process by which the new system will be introduced. The Terms of Reference set out the objectives and timelines the DMAT should pursue in its oversight role, its governance and the criteria for establishing readiness for step 3 of the implementation process.

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