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
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== See also ==
== See also ==
* [[Acquisition]]
* [[Assets]]
* [[Assets]]
* [[Cash shell]]
* [[Cash shell]]
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* [[Reverse takeover]]
* [[Reverse takeover]]
* [[Shelf company]]
* [[Shelf company]]
* [[SPACs]]
* [[SPAC]]
* [[Tax haven]]
* [[Tax haven]]



Latest revision as of 00:16, 20 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:

  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