ShareSoc welcomes the research paper recently published by the British Department for Business, Innovation & Skills entitled "Exploring the Intermediated Shareholding Model."
The research paper shows that private investors often do not know what their rights are when their shares are lodged in nominee accounts or other alternative ways of holding shares. Unfortunately shareholders often don’t know how to use their accounts. This paper clearly illustrates the mind-boggling complexity of the intermediated shareholding model. Indeed most shareholders hold shares indirectly through an intermediary, rather than directly with a company. Therefore the need for reform in the UK’s intermediated shareholding model is undeniable.
Read the full press release and report.