Template:Nutshell GMRA 2000 2(t): Difference between revisions

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Latest revision as of 15:15, 23 February 2020

2(t) Securities are “equivalent to” other Securities if they are:

(i) of the same issuer;
(ii) part of the same issue; and
(iii) identical in type, nominal value, description and amount; provided that
(A) Securities will still be equivalent if they are redenominated into euro or their nominal value changes as a result; and
(B) where Securities are altered by a corporate event or their holders become entitled to receive any other property as a result, “equivalent to” will means those Securities as altered and any equivalent property due to such holders as a result;