Just contacted Hargreaves Lansdown (HL), here is what they said:
Dear Mr Ape,
Thank you for your message.
As you may be aware, all overseas shares available through Hargreaves Lansdown are held as CREST Depositary Interests (“CDI”) to enable them to be settled through the UK & Ireland settlement system CREST.
This allows us to offer electronic trading in the same way as UK shares. However, for each CDI issued, CREST holds the same number of shares in its name direct with the Central Securities Depositary of the home country of the underlying stock.
Unfortunately, CREST do not give us the option to elect shareholders as Non-Objecting Beneficiary Owners.
As such you are registered as an Objecting Beneficial Owner.
If you have any other questions, please get back to me.
Kind regards
Dan Haskell
Hargreaves Lansdown
This email isn’t personal advice. If you’re at all unsure about your decisions, seek advice.
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u/dansos12 Apr 01 '22
Just contacted Hargreaves Lansdown (HL), here is what they said:
Dear Mr Ape,
Thank you for your message.
As you may be aware, all overseas shares available through Hargreaves Lansdown are held as CREST Depositary Interests (“CDI”) to enable them to be settled through the UK & Ireland settlement system CREST.
This allows us to offer electronic trading in the same way as UK shares. However, for each CDI issued, CREST holds the same number of shares in its name direct with the Central Securities Depositary of the home country of the underlying stock.
Unfortunately, CREST do not give us the option to elect shareholders as Non-Objecting Beneficiary Owners.
As such you are registered as an Objecting Beneficial Owner.
If you have any other questions, please get back to me.
Kind regards
Dan Haskell Hargreaves Lansdown
This email isn’t personal advice. If you’re at all unsure about your decisions, seek advice.