Nominee company: Difference between revisions

Nominee company (view source)

2 bytes added , 28 November 2016

no edit summary

82,891

edits

Revision as of 17:23, 28 November 2016 (view source) Amwelladmin (talk \| contribs) No edit summary ← Older edit		Revision as of 17:24, 28 November 2016 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
Line 1:		Line 1:
	{{fullanatopen\|cass\|{{cassquote\|6\|2\|4}}		{{fullanatopen\|cass\|{{cassquote\|6\|2\|4}}}}
	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:		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: