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, Kames Capital (Chair)
James Guppy, BlackRock
John Harding, BlackRock
Ashley Marks, CAPRA Global Partners
Mark Adcock, CBRE Global Investors
Mike Levi, CBRE
James Allum, Columbia Threadneele
Stephen Palmer, Independent
Mark Bunney, Kames Capital
Tony Doherty, L&G
Adrian Little, M&G Real Estate
Graeme Rutter, Schroder Real Estate IM
Mike McKell, Tullet Prebon