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Income - GMSLA Provision: Difference between revisions
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For if you lent the security to me — [[title transfer]] — and I [[Short sale|sold it short]] (as one does under a [[stock lending]] arrangement) and then a [[corporate action]] arose which entitled each shareholder who makes a certain election to receive a certain distribution, must I manufacture that distribution to you, even if I didn't make that election or, for that matter, even hold the share to be able to make that election? | For if you lent the security to me — [[title transfer]] — and I [[Short sale|sold it short]] (as one does under a [[stock lending]] arrangement) and then a [[corporate action]] arose which entitled each shareholder who makes a certain election to receive a certain distribution, must I manufacture that distribution to you, even if I didn't make that election or, for that matter, even hold the share to be able to make that election? | ||
{{GMSLA compensation for mismanagement}} | {{GMSLA compensation for mismanagement}} | ||
{{sa}} | |||
Para {{gmslaprov|6.2}} - {{gmslaprov|Manufactured payments in respect of Loaned Securities}} | |||
Para {{gmslaprov|6.7}} - {{gmslaprov|Corporate actions}} | |||
{{ref}} | |||