A registered share is a
stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a compan ...
that is registered to the name of the exact owner. If the owner of such a share sells their share, the new owner must register with their name and other personal information such as address and birthdate.
Registered shares offer the issuer the advantage of always knowing who exactly their
shareholder
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal o ...
s are. Surprises with active investors could be prohibited with this stock-vehicle.
See also
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Book-entry
Book entry is a system of tracking ownership of securities where no certificate is given to investors. Several terms are often used interchangeably with "book entry" shares including "paperless shares", "electronic shares", "digital shares", "digit ...
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Dematerialization (securities)
In finance and financial law, dematerialization refers to the substitution of paper-form securities by book-entry securities. This is a form of indirect holding system where an intermediary, such as a broker or central securities depository, ...
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Insider trading
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider informati ...
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Stock transfer agent
A stock transfer agent, transfer agent, share registry or transfer agency is an entity, usually a third party firm unrelated to security transactions, that manages the change in ownership of company stock or investment fund shares, maintains a ...
References
{{Authority control
Stock market
Equity securities
ja:種類株式#譲渡制限規定(4号)