Question on share ownership

I don’t understand. If they are in T212’s name, how am I the beneficial owner. Am I buying shares for T212?
So are T212 no longer a broker?
When I buy a share via invest account, I’m not a legal shareholder as T212 own the share. In which case, invest is basically like an unleveraged CFD account? (albeit they are on the same side of the position as me)

Or am I wrong?

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