Trading certificates

This page explains how ACPs, scheme participants and other certificate owners can transfer certificates in TESSA, our online system. 

TESSA's function 

TESSA has a public Registry of Certificates. It is not a trading platform. Certificate trading happens outside TESSA. ACPs are responsible for selling any certificates they create. 

TESSA records all current and past ownership. When you sell or trade certificates you must register the transfer of ownership in TESSA. This is a legal requirement. 

How the transfer process works

The buyer and seller must both have a TESSA account.

Stepper group

  1. The seller offers the certificates to a buyer in TESSA.

    The seller can choose to do a final approval if they wish. The system holds the certificates until the transfer is complete. 

  2. The buyer is notified of the transfer by email and in TESSA.

  3. The buyer accepts or rejects the transfer offer.

  4. The seller gives final approval or cancels rejected offers.

A transfer must be completed within 30 calendar days. Transfers not completed will be cancelled. 

Transferring certificates does not attract any fees or stamp duty. You can see the status and other details of certificate transfers in the My Cases menu in TESSA.

More information