Shell company

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:

1. Whose assets consist solely or predominantly of cash or short-dated securities; or
2. 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.

See also

• Assets
• Cash shell
• Listed company
• Listing
• Listing Rules
• M&A
• Merger
• Reverse takeover
• Shelf company
• SPACs
• Tax haven