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Template:Nutshell GMSLA 6.7: Difference between revisions
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{{gmslaprov|6.7}} '''{{gmslaprov|Corporate actions}}''' <br> | {{gmslaprov|6.7}} '''{{gmslaprov|Corporate actions}}''' <br> | ||
Where any “'''corporate rights'''” | Where a holder is entitled to exercise any “'''corporate rights'''” under any {{gmslaprov|Loaned Securities}} or any {{gmslaprov|Collateral}} (“'''assets'''”) before the receiver can return {{gmslaprov|equivalent}} ones to the provider, then the provider can, within a [[reasonable]] time before the [[relevant]] deadline, notify the receiver that it wishes to receive the assets as if the corporate rights been exercised. | ||
“'''Corporate rights'''” include any: | |||
*conversion, sub-division, consolidation or pre-emption rights; | |||
*rights arising under a takeover offer; | |||
*rights to receive securities now or in the future; or | |||
*other rights, including ones that require the holder to make an election. <br> | |||