Computershare To Be New UK Gilts Registrar

Computershare Investor Services plc was formally appointed as the new registrar for UK Government bonds, known as gilts, yesterday.

Following a review of Government debt management arrangements, HM Treasury and the Bank of England, the current gilts registrar, concluded that the private sector would be better placed to provide the benefits of economies of scale for this service in future.

The service was put out to tender last year, leading to Computershare being identified as the preferred bidder. Computershare is working closely with the Bank of England to ensure a successful transfer of the gilts registration service. It is expected that the service will be transferred in December of this year.