Benefits of CHESS vs. Issuer Sponsorship

Shares held in CHESS Shares Issuer Sponsored
Legal title is electronically registered and is similar to a bank account. Legal title is electronically registered and is similar to a bank account.
My shares are sponsored or controlled by my broker. My shares are controlled by the particular share registry used by the listed company.
I receive one Holder Identification Number (HIN) for all holdings sponsored by a single broker. For example, a shareholder with securities in 10 different companies will have one HIN if they are all sponsored in CHESS by one broker. I may receive a Security Holder Reference Number (SRN) for each company’s securities. For example, a shareholder owning securities in 10 different companies may have 10 different SRNs if the shares are issuer sponsored.
I only need to contact my sponsoring broker to change my name, address, notification of TFN, etc. For all the securities held by that broker. To change personal details issuer sponsored holders may need to contact each share registry for each of the company’s securities they hold.
My shares are already on CHESS so are ready to trade. Before I can trade my broker will need to move my shares from my issuer sponsored account onto CHESS.
CHESS will issue monthly holding statements for each security where the holding balance has changed. These will look the same for all the securities held. Each share registry will issue their own monthly issuer sponsored holding statements for each security held where the balance has changed.