Nominee Companies Rules and Regulations in Nigeria Released by SEC
Nominee Company A Nominee for the purpose of this Regulation is a company formed by a bank or other financial institution for the purpose of holding securities and other assets and administering them on behalf of the actual owners under the terms of a custodial or nominee agreement. Holding Company/Parent Company: For the purpose of these rules, means a bank or other eligible financial institution that owns and controls a nominee company. Client: Means a person who has entered into agreement with a nominee company to hold and manage its securities or other assets. Business of Nomi...
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