Nominee company: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
A wholly-owned subsidiary of a custodian used as a nominee company to hold legal title to client investments (other than cash). This common structure in the UK custody Market was in fact endorsed by Peter Bloxham's ''[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/271040/PU1560_SAR.pdf Final review of the Investment Bank Special Administration Regulations 2011]'' in January 2014, the third recommendation of which was: | {{anat|cass}} | ||
A wholly-owned subsidiary of a [[custodian]] used as a nominee company to hold legal title to client investments (other than cash). This common structure in the UK custody Market was in fact endorsed by Peter Bloxham's ''[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/271040/PU1560_SAR.pdf Final review of the Investment Bank Special Administration Regulations 2011]'' in January 2014, the third recommendation of which was: | |||
{{Box| | {{Box| | ||
| Line 16: | Line 17: | ||
====Discussion==== | ====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. | 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. | ||