8.3.2 Share Transfer="CHESS o Past the seller required to surrender the share cerificate to the broker for submission to the company's share transfer secretary, who would then issue a new document to the buyer. CHESS-Clearing House Electronic Subregister System it keeps a record of share transactions and shareholders for approved Stock Exchange listed companies, reducing the amount of paperwork and speeding up the process8.3.2 Share Transfer – “CHESS” • Past – the seller required to surrender the share certificate to the broker for submission to the company’s share transfer secretary, who would then issue a new document to the buyer. • CHESS – Clearing House Electronic Subregister System – it keeps a record of share transactions and shareholders for approved Stock Exchange listed companies, reducing the amount of paperwork and speeding up the process