The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.
SRA Handbook
Authorised bodies which are companies
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Rule 17: Authorised bodies which are companies
Record of non-member shareowners
- 17.1
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Keeping a record
- (a)
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A recognised body which is a company with shares must keep a record of any non-member interest holders, and retain the record for at least three years after their interest ceases;
- (b)
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A licensed body which is a company with shares must keep a record of any non-member owners, and retain the record for at least three years after their ownership ceases.
- 17.2
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A member who holds a share as nominee for a non-member shareowner in an authorised body must keep the authorised body informed of all facts necessary to keep an accurate and up-to-date record in accordance with Rule 17.1.