My understanding is that when somebody says that their shares are "held in Crest", this is an error because Crest is not an account, it is a settlement system. Your shares are "held" by virtue of the fact that the Crest system assists in the entry of your name on the share register of the PLC concerned. Is this correct?
What course of action is open to you therefore if you wish to sell some shares but your Crest sponsor (a broker such as Morroughs/Dolmen/Davy or an intermediary such as Sharewatch) has gone insolvent and has ceased trading? Given that your name is on the register of the PLCs in which you purchased shares via Crest, is it just a case of informing Crest of a new sponsor?
What course of action is open to you therefore if you wish to sell some shares but your Crest sponsor (a broker such as Morroughs/Dolmen/Davy or an intermediary such as Sharewatch) has gone insolvent and has ceased trading? Given that your name is on the register of the PLCs in which you purchased shares via Crest, is it just a case of informing Crest of a new sponsor?