DCS Notice as at 6th February 2020

Category: Newsflash

The latest DCS update following the 3 Feb KSFIOM update is here.

Extracts ...

 Forms

Subject to further announcements from KSF regarding the timescale for payment of a dividend, the DCS will be setting a final date for forms to be submitted ahead of the first payment run. The date for this payment run will also be communicated at this time.

There will be subsequent payment runs for parties who did not complete and submit forms to the DCS in time to be included in the first payment run.

Timing

The DCS has not been informed by KSF regarding the timing and amount of any dividend to be remitted by KSF to DCS.

Once a dividend has been declared and paid by KSF to DCS in respect of DCS and EPS claimants,there will be a period of time whilst the DCS processes forms, sets a cut off for the first payment run and then administers the relevant payments.

 This updates the earlier notice which contains further explanations and links to the form referred to.

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