Commentary

A6.336 Dealing in securities and other property

Administration and compliance

A6.336 Dealing in securities and other property

A6.336 Dealing in securities and other property

Dealing in securities

In summary, data-holders include those involved in registration or administration in respect of securities transactions.

In detail, a relevant data-holder is a person1:

  1.  

    •     who effects, or is party to, securities transactions, wholly or partly on behalf of others (whether as agent or principal)

  2.  

    •     whose business consists of acting as registrar or administrator (including managing a clearing house for any terminal market in securities) in respect of 'securities transactions', which term includes:

    1.  

      –     transactions of whatever description relating to securities including:

      1.  

        –     the purchase or sale or exchange of securities

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