Equity Communications

Tel: 0121 434 5057

  • Home
  • About Us
  • Board Evaluations
  • Regulatory Compliance
  • Clients and Case-Studies
  • Noticeboard
  • Blog
  • Contact Us

S116 Requests

6th February 2017 5 Comments

A FTSE SMALL CAP Company Secretary writes...

“Argus Vickers have submitted a S116 request to review the Register of members every month for an indefinite period.  I understand from our registrars that this request has been made in respect of hundreds of listed companies.  The purpose seems to be ‘proper’ of ‘producing statistical research data products’ in which ‘no individuals or personal information would be subsequently disclosed’.

Have you received this request and how do you plan to respond?  We are minded to accede but for a limited time period, perhaps 12 months.”

Leave a Reply Cancel reply

Only your comment and indication of company type will be published

Comments

  1. FTSE250 said

    8th February 2017 at 5:21 pm

    Also received and appears legit therefore have agreed to it

    • FTSE250 said

      8th February 2017 at 3:16 pm

      We have received this request also, even though we are already dealing each month with Argus Vickers’ 811 requests. We are trying to find out what is behind it and whether the registrars take a view, given that they will have to deal with the extra workload On the face of it, looking at s117, there does not seem to be much option but to comply!

      • FTSE250 said

        7th February 2017 at 3:32 pm

        We receive such requests which are periodically forwarded by our Registrars, Equiniti. Assuming Equiniti are happy that the request is genuine (and assuming it looks genuine to me) I let Equiniti deal with them. As I understand it, they are charged by the Registrar for obtaining the information (so no cost to the Company or the Registrar) and the request cannot be refused unless it is not for a ‘proper purpose’.

        • FTSE100 said

          6th February 2017 at 5:37 pm

          I allow them access but do not grant it for a long period of time and certainly not for 12 months

          • FTSE SMALL CAP said

            6th February 2017 at 5:37 pm

            We have received such a request. It appeared “proper” so we have acceded to it (not limited it by time. If Argus Vickers want to send one of their “data inputters” to the registrars each month to record information that they are entitled to record, and to use it for proper purposes, then so be it.

            Sections

            • Home
            • About Us
            • Board Evaluations
            • Regulatory Compliance
            • Clients and Case-Studies
            • Noticeboard
            • Blog
            • Contact Us

            Recent Notices

            • TCFD advisors / agencies

              TCFD advisors / agencies

              2nd May 2022
            • Board portals

              Board portals

              2nd May 2022
            • E-learning training platforms for Group employees

              E-learning training platforms for Group employees

              30th April 2022
            • Permissions to Deal when transferring shares to an ISA

              Permissions to Deal when transferring shares to an ISA

              13th March 2022
            • Shareholder mailing preferences

              Shareholder mailing preferences

              22nd February 2022

            Contact Equity Communications

            Address:

            The Lodge,
            88 Katherine Road,
            Birmingham,
            B67 5RF

            Registered in England and Wales No. 04951030.

            • Blog
            • UK Board Evaluations
            • UK Corporate Governance

            © 2022 · Equity Communications 2015 ·· Site Designed & Built by Midland Web Solutions