Consent (CONS)

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

Status: Best Practice Finalised, Last Updated: 24/06/2021

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)