What happens if investors do not have a recognised securities account?

What happens if investors do not have a recognised securities account?

For listed share offerings, investors require a securities account with a recognised custodian bank.

If an investor cannot provide evidence of such an account or does not submit the securities account number in time, the investment cannot be processed.

What happens if the securities account number is missing?

CONDA Capital informs the respective investors and gives them a deadline for submitting their securities account number.

If the securities account number is not submitted within this period, the investment is cancelled and the amount paid is refunded.
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Without a recognised securities account and timely submission of the securities account number, an investment in a listed share offering cannot be processed.