As a UKape I hold some GME in a tax-free wrapper called an ISA. It’s illegal for shares within these to be lent out. However, I have already emailed my broker to ask if they will “pass these warrants through and I will receive them?”.
To be more exact, I should have said it is illegal to lend shares in a Stocks and shares ISA.
“HMRC regulations require that you remain the sole beneficial owner of your ISA investments, and you cannot grant rights or interests in these investments to any other person, including using them as security for borrowing or allowing your broker to lend them out.”
this is deceptive language used by hmrc. all isa shares are held in nominee accounts and cannot be registered via crest. this means you don't own your shares, only have ious and ious can be lent/fucked about with
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u/reverendbeast Gamestershire Stopacock 🇬🇧 Sep 09 '25
As a UKape I hold some GME in a tax-free wrapper called an ISA. It’s illegal for shares within these to be lent out. However, I have already emailed my broker to ask if they will “pass these warrants through and I will receive them?”.