Nominee company: Difference between revisions

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{{casssnap|nominee company}}
{{casssnap|nominee company}}
====Discussion====
====Discussion====
Note a nominee is not a custodian per se.
Note a nominee is not a custodian per se. It is a dedicated entity which does nothing other than acting as a registered owned of shares.
{{cassanatomy}}
{{cassanatomy}}

Revision as of 16:29, 16 May 2016

To see the current text of CASS 6.2 in the FCA handbook, click here.

nominee company: a body corporate whose business consists solely of acting as a nominee holder of investments or other property.

Discussion

Note a nominee is not a custodian per se. It is a dedicated entity which does nothing other than acting as a registered owned of shares. Update to {{anat|cass}}