Consent (CONS):

• Home


• ISLA Corporate Actions Best Practices


• Corporate Actions:


• Information Corporate Actions:


• Consent (CONS):

Consent (CONS)

Status: Finalised Last Updated: 24 Jun 2021

SFTR Report – NONE | Corporate Action Cluster – Non-Economic or Information | Cash Move – N

Description:
Procedure that aims to obtain consent of holder to a proposal by the issuer or a third party without convening a meeting. For example, consent to change the terms of a bond.

Best Practice:
When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-1)