Research paper 'Exploring the Intermediated Shareholding Model' published by the Department for Business, Innovation & Skills (BIS) cites the research on securities law undertaken by Eva Micheler, Reader in Law and Research Associate of the Systemic Risk Centre.
Many shareholders now hold shares indirectly through an intermediary, rather than directly with a company. The BIS research paper looks at the UK’s intermediated shareholding model in order to gain a better understanding of the existing model and to identify any weaknesses.
Work cited: Micheler, Eva (2014) Intermediated securities and legal certainty. Law, Society and Economy Working Paper Series, WP3/2014. London School of Economics and Political Science, London, UK.
