For individuals residing outside the United States and holding shares in a US or Canadian listed company, the process of selling shares or transferring ownership involves a crucial step: obtaining a Medallion Signature Guarantee Stamp. This authentication stamp plays a role in ensuring the validity and authority of the individual initiating the transfer.

Authentication and Fraud Prevention:

The Medallion Guarantee is more than just a stamped mark; it serves as a safeguard against fraudulent activities in stock transactions. By validating the authenticity of the signature on transfer documentation, the stamp provides transfer agents with confidence to proceed securely with stock transfers or sales. Stamp providers, undertake rigorous authentication processes to add an additional layer of security to the transaction and ensure the person signing the transfer is able to do so.

Implications of the CRH Shares Transition:

The recent shift of aggregates giant CRH to its new New York Stock Exchange listing intensifies the need for a Medallion Guarantee Stamp for shareholders outside the US, who must now deal with a US transfer agent or share registrar. Whether individuals or corporations, those not based in the United States must obtain this guarantee for any transfer related to their CRH shares, including selling, a name change or transferring ownership, for example, due to the death of the shareholder. Navigating this requirement efficiently involves understanding the updated procedures and documentation associated with obtaining the Medallion Guarantee Stamp, ensuring a smooth and secure stock transfer process.

Finders can help: if you would like more information on our Medallion Guarantee Stamp service or on any of our International Asset services, contact us by email at [email protected]; by phone (0)1 5676940,. or visit our website at https://www.findersinternational.ie.