beneficial owner

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Beneficial Owner

As used for most purposes under the federal securities laws. A beneficial owner of stock is any person or entity with sole or shared power to vote or dispose of the stock. This SEC definition is intended to include a holder who enjoys the benefits of ownership although the shares may be held in another name.

Beneficial Owner

A person who has effective ownership of a security or other property without actually holding title to it. This especially refers to holding voter proxy or investment power over a share or transaction, whether directly or indirectly. See also: Double-dip lease.

beneficial owner

The owner of a security registered in another name. For example, investors often leave securities in trust with their brokerage firms. Although the brokerage firm is shown on the issuer's books as the owner of record, the investor is the beneficial owner.

Beneficial owner.

When your stocks are registered in street name, the brokerage firm has title to the stocks but you are the beneficial owner, or the person who actually benefits from owning the stock.

beneficial owner

the ultimate owner of a FINANCIAL SECURITY rather than any NOMINEE who may have been appointed to hold legally the financial security on behalf of the beneficial owner.
References in periodicals archive ?
The Company contends that the Letter is invalid and on 12 February 2018, RUSAL commenced its legal challenge in the High Court in London and pursuant to the dispute resolution mechanisms set out in the Framework Agreement dated 10 December 2012 between the Company, Interros International Investments Limited (which was substituted by Whiteleave), LLC Millhouse (which was substituted by Crispian), and the respective beneficial owners of Interros and Millhouse; namely Mr.
Under the 1984 Companies Ordinance, the Securities and Exchange Commission of Pakistan is responsible for monitoring trading activities of beneficial owners of listed companies with the primary objective of detecting instances, where the beneficial owners have made gain by trading in the shares of issuer companies within a period of less than six months.
The SECP has also warned that it would take a strict penal action as provided in the law against those listed companies and their beneficial owners who fail to file their overdue returns of by October 31, and do not observe the prescribed time limitation in future for filing of the said returns, a statement of the Commission said.
Generally, the new withholding regime draws a distinction between beneficial owners of income and intermediaries, with different rules applicable to payments by U.
The Federal Reserve, however, has continually insisted that for those accounts that are maintained within the United States, banking organizations must be able to provide evidence that they have sufficient information regarding the beneficial owners of the accounts to appropriately apply sound risk-management and due diligence procedures.
It will be interesting to see whether, in the future, taxpayers who are the beneficial owners of nonresidential property are also permitted interest expense deductions.
1) The existence of problems came to light when lawyers, representing issuers whose bonds were affected by the insolvency of a life insurance company in Los Angeles, had problems reaching the beneficial owners of the securities.
will make its third quarter 2010 report available to holders and beneficial owners of units (consisting of 9i% senior notes due 2012 of KoSa Lux Finance B.
ISLAMABAD -- Under the 1984 Companies Ordinance, the Securities and Exchange Commission of Pakistan is responsible for monitoring trading activities of beneficial owners of listed companies with the primary objective of detecting instances, where the beneficial owners have made gain by trading in the shares of issuer companies within a period of less than six months.
Each participant broker-dealer, as nominee for the underlying beneficial owners (street name shareholders), in turn will determine how redeemed shares are to be allocated among its underlying beneficial owners.
source dividends paid to South African beneficial owners.
Each participant broker-dealer, as nominee for underlying beneficial owners (street name shareholders), in turn will determine how redeemed shares are to be allocated among its underlying beneficial owners.