Hello All I’ve read the threads regarding the changes to T&C regarding the lending out of users’ holdings. Can someone from 212 just confirm that this will not be the case for holdings that are ISA wrapped? Thanks.

It won’t. T212 have confirmed that this is not allowed. [image] How to opt out of share lending? 🤝 Help It’s actually just Invest, as we aren’t allowed to lend out stock held in an ISA, which has made the project surprisingly complicated.

Yes, saw that Donald_Duck - thanks. Signing up for an ISA, the standard 212 T&C have to be accepted, but there’s no mention of any ISA wrapper exclusion to the securities lending in either that document or in the supplementary T&C for the ISA - meaning you’re still effectively agreeing to the lendi…

You reckon T212 would go against the FCA by lending out securities from your ISA? Me neither. Sounds like a ticket to massive fines and eventual insolvency.

The HMRC guidance is unusually explicit https://www.gov.uk/guidance/how-to-manage-an-isa-investment-fund#stock-lending - see the section on stock lending. We will not include any holdings in an ISA in the stock lending program.

Got it - thanks Nick. Just wasn’t sure as the T&C don’t indicate this exception.

Then how does ISA account works with a out lending? I mean how do we invest through ISA account if it’s not through lending? Also why can’t trading212 act as a broker without third party involved?

Interesting thread which I was led to after reading section 22 Securities lending of the terms. I know it is an old thread, but I hope better to reply here than start a new one. I understand that they’d be going against the FCA for ISAs if they lent out the shares. But I’d appreciate if Trading 21…

3 answers up. Just 3 up from your post.

Thank you. I did read this answer from what looks like a former employee. I’ve been burnt by a recent exchange going bankrupt which said in its terms it didn’t co-mingle funds and the CEO claiming he didn’t knowingly do this. So my question was a probing one which I hoped a current member of the t…

You do realized that the unregulated wild west of crypto has nothing to compare with financial markets?

Securities Lending / ISA

🤝 Help

Scrooge_McCodf June 28, 2020, 3:26pm 2

It won’t. T212 have confirmed that this is not allowed.

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Securities Lending / ISA

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