[Mark Clenshaw]

Thanks everyone for their involvement.
Sadly my own small club has decided to pack up. There is not a lot of interest currently in the ShareSoc alternative but I hope to keep members involved via a regular but informal beer and blather session. Maybe ShareSoc can be a later move.
Best wishes to all.
Mark

[Mark Clenshaw]

My club is meeting this weekend to decide way forward following the ii decision to withdraw service.
Thanks everyone who has contributed to this forum thus far.
I am just wondering if anyone has any feedback on going down either the InteractiveBroker or the limited company route? Any thoughts would be much appreciated.
Also, just wondering if anyone has sought an extension to ii’s end of October deadline?
Best, Mark

[Mark Clenshaw]

Good Morning Mark et al

Firstly thanks Mark for your effort.

My club does not have an LEI nor do I recall ever being asked for one.

I did try InteractiveBrokers over the phone a few days ago and got a negative response

Re the idea of setting up either a trust or limited company, these would be separate legal entities. I just wonder how HMRC would like that; presumably that would give the opportunity to hold trading profits in the new entity and only declare distributions/dividends to members at possibly some later date. I defer to anyone’s alternate view!

Best

Mark

[Mark Clenshaw]

In reply to reply #31886

Thanks for your involvement Mark.

I have sent AJB bare bones details of my club on the lines requested in their mail to Sandy Forbes. Do you want a copy?

Best wishes

Mark

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[Mark Clenshaw]

Letter received from Interactive Investors giving notice that they are no longer to provide dealing services to Inv Clubs. I find that HL and AJ Bell have also withdrawn from offering club dealing. Does anyone know of a preferably mainstream broker still offering this? Thanks

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