Why Intermediated Securities Should Be Brought Within Scope of the Expanded Dormant Assets Legislation

Cleary Gottlieb senior attorney Ferdisha Snagg and trainee solicitor Gee Kim co-authored, “Why Intermediated Securities Should Be Brought Within Scope of the Expanded Dormant Assets Legislation.”

As the UK Dormant Assets Bill makes its way through the legislative process, Ferdisha and Gee consider the case for expanding the dormant assets scheme to intermediated securities which is not being considered at this time but hopefully will be part of a future expansion of the scheme. The inclusion of intermediated securities would reflect the reality of UK public securities holdings and is likely to significantly increase the scheme’s potential contribution to sustainable finance and broader social impact.

The article appeared in the November issue of Butterworths Journal of International Banking and Financial Law—read it here.