Abstract
The article is devoted to disclosing the idea of the institute of nominal account, analysing the normative regulation of this instrument, studying the peculiarities of legal relations accompanying the opening and maintenance of nominal account. In particular, the author investigates the basis for beneficiary’s participation in the legal relations under the nominal account agreement, the problem of formalisation of contractual terms of account operations (clarifying the difference between the concepts of ‘control’ and ‘restriction’ of operations), pays attention to some controversial aspects of regulation and proposes their solution, and also comments on the procedure of beneficiary identification by the bank. The article concludes with some examples of practical applications of the nominal account, based on its peculiarities.
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