The countersignatory, an authorised UK bank or insurance company that is a member of the Association of British Insurers, takes on any possible liability, of the certificate being used fraudulently, and protects the company against any losses. This is why a Countersignature Fee is often charged.
If a Countersignature Fee is required, and if we are able to arrange for the Letter of Indemnity form to be countersigned on your behalf, a Countersignature Fee will be quoted within the letter that we send to you, or quoted on the telephone call. If you elect to use this service, we will arrange for the countersignature through RSA Group plc.
The current standard Countersignature Fees are shown below:
Share Value |
Countersignature Fee |
Shares worth up to and including £50: |
free of charge |
Over £50; up to and including £1,000: |
£23.32 |
Over £1,000; up to and including £5,000: |
£35.18 |
Over £5,000; up to and including £10,000: |
£53.28 |
Over £10,000; up to and including £15,000: |
£74.08 + Application form |
Over £15,000; up to and including £25,000: |
£86.12 + Application form |
Over £25,000; up to and including £30,000: |
£127.46 + Application form |
Over £30,000; up to and including £50,000: |
£222.08 + Application form |
Over £50,000; up to and including £75,000: |
£378.20 + Application form |
Over £75,000; up to and including £100,000: |
£675.68 + Application form |
Please note: We are unable to provide countersignature if the shares are valued over £100,000. If this is relevant to you, the options will be given in the letter that we send to you.