Share certificates are negotiable instruments

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Even during congestion it's crucial to note that share certificates are negotiable instruments. To minimise the risk of errors, the processing of share certificates must be handled carefully.

Last autumn, we added employees to assist with the registrations of apartment ownership, 40 of those full time and 80 as their duties permit. At the start of February, 30 additional employees will start. Each recruit has undergone the Finnish Security and Intelligence Service's security clearance.

As time goes on, technological improvements will ease the load on registrations and speed them up, but for now, documents are saudi arabia mobile database and registered manually.

We are continuously improving our production system and work processes to ensure that our manual processing is as rapid and efficient as possible.

Later this year we're going to introduce online application to remove a part of the manual work. A physical share certificate is converted into digital format only once. When the ownership of an apartment changes later, we can increase the degree of automation. With electronic records of ownership, the entire change of ownership will be processed electronically from 2025 onwards.

We estimate that the peak congestion period is behind us. Tens of thousands of customers arrived as soon as their housing companies late last year informed them that it had transferred to the Residential and Commercial Property Information System, and that the registration of their own apartment was possible for the first time.

Since the number of customers has increased rapidly, we are processing cases in an order based on the rights and obligations of various customer groups. For the customer this means that a share certificate they bring in January will be processed between the summer holidays and Christmas, unless there's been a change of ownership.