Page 47 - P6 Slide Taxation - Lecture Day 4
P. 47
Silke
Regulated intermediary 18.7.2
Regulated intermediary As defined in or referred to in…
Central securities depository participant s 34 of Securities Services Act 2004
Authorised user s 1 of Securities Services Act 2004
Approved nominee s 36(2) of Securities Services Act 2004
Nominated person holding investments Codes of conduct for Administrative &
on behalf of clients Discretionary Financial Service Providers
Portfolio of CIS in securities CIS = collective investment scheme
Transfer secretary (≠ NP) As approved by the Commissioner
A “Co” or “regulated intermediary” do no have to withheld any
Dividends tax…If the holder of the share, at the date determined
by the co/regulated intermediary (or if no date is determined the
date when the dividend is paid) provided a declaration and a
written undertaking to the co/regulated intermediary.
