Place Of Incorporation (PLAC)

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

Status: Best Practice Finalised, Last Updated: 24/05/2021

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

Description:
Changes in the state of incorporation for US companies and changes in the place of incorporation for foreign companies. Where shares need to be registered following the incorporation change, the holder(s) may have to elect the registrar.

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-20)