some legal questions (business law, company law)

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KlausC
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I find an interesting law question, but I couldn't figure out. Hope you can help me with that. I guess it is more of a definition question.

So, according to the T4 student visa requirement, it is said that students can't perform any business activity. If the business activities are understood, and include, as buying or holding shares British firms.


Does the logic also apply to buying shares in the secondary market, says buying HSBC shares, as it is the same in nature? Will it violate the law?

Or do I need actual control of a company, say holding a certain amount of share,s to be therefore meet the condition of business activity?

Any thoughts?
Last edited by KlausC; 9 months ago
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CheeseIsVeg
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(Original post by KlausC)
I find an interesting law question, but I couldn't figure out. Hope you can help me with that. I guess it is more of a definition question.

So, according to the T4 student visa requirement, it is said that students can't perform any business activity. If the business activities are understood, and include, as buying or holding shares British firms.


Does the logic also apply to buying shares in the secondary market, says buying HSBC shares, as it is the same in nature? Will it violate the law?

Or do I need actual control of a company, say holding a certain amount of share,s to be therefore meet the condition of business activity?

Any thoughts?
Hey there
I've moved your thread into advice on everyday issues so you may get a few more useful replies.
You may also want to check out forums such as legal and money and finance
Best of luck,
Cheese :bump:
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martin7
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(Original post by KlausC)
So, according to the T4 student visa requirement, it is said that students can't perform any business activity. If the business activities are understood, and include, as buying or holding shares British firms.

Does the logic also apply to buying shares in the secondary market, says buying HSBC shares, as it is the same in nature? Will it violate the law?

Or do I need actual control of a company, say holding a certain amount of share,s to be therefore meet the condition of business activity?
There's some information here: https://assets.publishing.service.go...tober_2019.pdf pages 51-52.

I can't see there's any issue with buying or holding shares in British firms -- however you're not allowed to work for firms "in which you have a financial or other significant beneficial interest in a capacity other than as an employee".

So it would appear to be fine to have a part-time job working for HSBC as long as you didn't own 10% or more of HSBC's shares. (As HSBC appears to currently have a market capitalisation of around £80 billion, make sure you buy less than £8 billion pounds worth of shares.) But if you're not working for HSBC it appears to be ok to go beyond that £8 billion limit.
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KlausC
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(Original post by martin7)
There's some information here: https://assets.publishing.service.go...tober_2019.pdf pages 51-52.

I can't see there's any issue with buying or holding shares in British firms -- however you're not allowed to work for firms "in which you have a financial or other significant beneficial interest in a capacity other than as an employee".

So it would appear to be fine to have a part-time job working for HSBC as long as you didn't own 10% or more of HSBC's shares. (As HSBC appears to currently have a market capitalisation of around £80 billion, make sure you buy less than £8 billion pounds worth of shares.) But if you're not working for HSBC it appears to be ok to go beyond that £8 billion limit.
Thanks for your information
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