TISA completes re-reg programme

The Tax Incentivised Savings Association (TISA) has completed the initial stages of its platform re-registration project, and a contract club will now have responsibility for delivering electronic transfers.

TISA Exchange Limited (TeX), a contract club acting as a depository for a standard set of non-commercial contracts, will focus on delivering the electronic transfer of assets.  TeX will have responsbility for ensuring re-reg is completed to an industry agreed standard through provision of a depository for non-commercial contract terms for transfers. The establishment of a common set of terms maintained by TeX will reduce both risks and costs to the industry, TISA said. TISA's re-registration delivery project has been managed since June 2010 by Alistair Reid. In October, followin...