The objectives of the Secondary Markets Working Group are to:
- Reduce risk around secondary market transactions to give greater confidence to counterparties.
- Enhance secondary market transparency, especially for market participants who look to trade irregularly and are unfamilar with the process.
- Increase industry standardisation in the administration and settlement procedures.
The Working Group are looking at income accruals, re-registraion, stock transfer forms, KYC documentation, delivery vs payment and pricing transparency.
Committee members are:
Matt Day (Chair)
Mark Adcock, CBRE Global Investors
James Allum, Columbia Threadneele
Mark Bunney, Kames Capital
Mark Levi, CBRE
Adrian Little, M&G Real Estate
Ashley Marks, CAPRA Global Partners
Mike McKell, Tullett Prebon
Graeme Rutter, Schroder Real Estate IM