Share Data > Medallion Signature Guarantee
Medallion Signature Guarantee

Get help selling or transferring US and Canadian shares or funds with Medallion Signature Guarantee.

 

In order to sell or transfer Canadian and/or US Securities, you are required to:

  • “Guarantee” your signature before a transfer agent accepts the transaction. This is done by obtaining a Medallion Signature Guarantee Stamp.
  • Sign a stock transfer form (a “Form”) or its equivalent.

Signature Guarantee programmes are operated by:

  • Members of the Securities Transfer Agents Medallion Program (STAMP).
  • Stock Exchange Medallion Programme (SEMP), whose participants are largely member firms of US and Canadian regional stock exchanges.
  • Medallion Signature Programme (MSP), for New York Stock Exchange member firms.

Share Data is a member of STAMP and as such is authorised to act for banks, solicitors, stockbrokers and accountants to:

  • Obtain Medallion Signature Guarantee Stamps on your behalf.
  • In most cases, offer same day turnaround of Medallion Signature Stamps.

 

WHAT IS A MEDALLION SIGNATURE GUARANTEE?

The Medallion signature guarantee is a special stamp that is authenticated by a bar code and special ink that is verified by the Canadian and US transfer agents based on the value of the asset, whether it be stocks and shares or assets. If you are responsible for dealing with an estate involving US or Canadian assets, or you are attending to any other transfer of North American shares or securities, you will usually be asked to provide a medallion signature guarantee (also referred to as medallion guarantees, signatures or stamps).

These are a statutory requirement when managing the movement of securities and shares in USA or Canada and they act to limit the liability and loss by safeguarding against forged signatures.

 

HOW TO OBTAIN A MEDALLION GUARANTEE STAMP

To obtain a Medallion Guarantee Stamp (an “MG”), your client will need to provide:

  • An original signature(s) on the form(s) requiring an MG stamp
  • Certified copy of the registered owner’s passport.
  • Certified copy of a recent (dated within the last three months) utility bill or bank statement for address verification purposes.
  • Documents such as a dividend or DRS statement, which provide evidence of ownership of the shares.

If your client’s transfer requirement has arisen because of probate, you will need to provide:

  • A certified copy of the Grant of Probate.
  • An original signature(s) on the form(s) requiring an MG stamp
  • Certified copies of the executor(s) passport(s).
  • Certified copy of a recent (dated within the last three months) utility bill or bank statement for address verification purposes.
  • Documents such as a dividend or DRS statement, which provide evidence of ownership of the shares.

Share Data Ltd does not need to act under a Power of Attorney in order to obtain a Medallion Signature Guarantee stamp for the sale or transfer of US or Canadian shares, as it has its own Medallion Guarantee stamp.

Download a copy of the Instruction Document which we require in order to provide Medallion Signature Guarantee. Please note that the Instruction Document must be completed by a regulated UK company. If you do not have access to such a company, please contact us as in most cases, we will be able to assist.

For Medallion Guarantees For Medallion Guarantees Involving Probate/Estates

 

See our Price List here.

Slide I have been extremely impressed with the service received and won't hesitate to both use and recommend share data's services in the future. Jennifer B, David Auld & Co Solicitors Slide My firm have used share data for their medallion guarantee services for foreign shareholders since the beginning of 2018 – each occasion has been efficient and successful which leads to happy clients. I would strongly recommend their services, with a special mention for teresa – who is friendly, helpful and gets the job done. Asset Manager Slide Share Data's service is brilliant. Currently, sorting another one for you! Deanne Taylor, Smalleys Solicitors Ltd Slide Thank you for processing our Medallion Guarantee and for all of your assistance leading up to it. Share Data have a great service. Walker Crips Investment Management