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) |
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1. ''Regulation - listed companies - UK - Financial Conduct Authority (FCA) - Listing Rules.'' | 1. ''Regulation - listed companies - UK - Financial Conduct Authority (FCA) - UK Listing Rules.'' | ||
For the purposes of the FCA's Listing Rules, a shell company is one: | For the purposes of the FCA's UK Listing Rules, a shell company is one: | ||
#Whose assets consist solely or predominantly of cash or short-dated securities; or | #Whose assets consist solely or predominantly of cash or short-dated securities; or | ||
| Line 18: | Line 18: | ||
== See also == | == See also == | ||
* [[Acquisition]] | |||
* [[Assets]] | * [[Assets]] | ||
* [[Cash shell]] | * [[Cash shell]] | ||
| Line 27: | Line 28: | ||
* [[Reverse takeover]] | * [[Reverse takeover]] | ||
* [[Shelf company]] | * [[Shelf company]] | ||
* [[ | * [[SPAC]] | ||
* [[Tax haven]] | * [[Tax haven]] | ||
* [[UK Listing Rules]] (UKLR) | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Investment]] | [[Category:Investment]] | ||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_reporting]] | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category: | [[Category:The_business_context]] | ||
Revision as of 22:24, 4 August 2024
1. Regulation - listed companies - UK - Financial Conduct Authority (FCA) - UK Listing Rules.
For the purposes of the FCA's UK 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.
