Webinar: What to know about California’s Voluntary Compliance Program

Unclaimed property requirements extend beyond the shares and related payments that are managed by Computershare. Companies must be sure that their General Ledger property, as well as potential customer balances, are being reviewed and kept in compliance. That’s why it can be helpful to know what programs are available to assist with these other property types.

If your company is located in California and is holding unclaimed property that has not been reported, there is a new program that can help. The State of California has implemented a Voluntary Compliance Program (VCP) for unclaimed property reporting.

Approved companies are eligible for a waiver of the normal 12% per annum interest assessment for late filings. This waiver can result in significant cost savings. Participating companies will also be set up for ongoing and future compliance with incentives for holders to report.

Computershare recently held a webinar to discuss the California Voluntary Compliance Program. Topics included how the program works, the two-part reporting and remitting process, the state’s owner location and holding processes, benefits for participating companies, and how to apply.

To learn more about the California Voluntary Compliance Program, watch the webinar. (55 minutes).

Watch the webinar on-demand

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