Shell company

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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