Shell company: Difference between revisions
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imported>Doug Williamson (Create page. Sources - FCA Handbook - https://www.handbook.fca.org.uk/handbook/LR/5/6.html - Moles & Terry Handbook of International Financial Terms) |
imported>Doug Williamson m (Add link.) |
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== See also == | == See also == | ||
* [[Acquisition]] | |||
* [[Assets]] | * [[Assets]] | ||
* [[Cash shell]] | * [[Cash shell]] | ||
Revision as of 08:14, 19 August 2021
1. Regulation - listed companies - UK - Financial Conduct Authority (FCA) - Listing Rules.
For the purposes of the FCA's Listing Rules, a shell company is one:
- Whose assets consist solely or predominantly of cash or short-dated securities; or
- Whose predominant purpose or objective is to undertake an acquisition or merger, or a series of acquisitions or mergers.
2. Tax havens.
A company established in a tax haven that has no - or minimal - activities locally, the substantive business activities being undertaken elsewhere.
3. Companies.
Any company with few or no assets or business activities.
