SEC Closes NVDR Loophole: Foreign Custodians Must Disclose Beneficiary Information Starting April 2024
Stock Dimension – SEC closes NVDR loophole Foreign custodians must reveal final beneficiary information starting 1 April 2024. Office of the Securities and Exchange Commission (SEC) has improved the criteria regarding providing transaction services regarding NVDR of securities companies To provide clarity and in line with the spirit of having NVDR securities to support investment … Read more