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Template:Income paid in relation to securities: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "===...{{gmslaprov|Income}} paid in relation to any {{gmslaprov|Loaned Securities}}=== Another example of that loose prepositional phrase “in relation to” being...") |
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Another example of that loose [[prepositional phrase]] “[[in relation to]]” being used carelessly in the {{gmsla}}. The [[preposition]] in question here really ought to be “[[under]]” or, if you really must, “[[pursuant to]]”. | Another example of that loose [[prepositional phrase]] “[[in relation to]]” being used carelessly in the {{gmsla}}. The [[preposition]] in question here really ought to be “[[under]]” or, if you really must, “[[pursuant to]]”. | ||
This is {{gmslaprov|Income}} paid ''by the [[issuer]]'' ''under the terms of the {{tag|contract}} comprising the {{gmslaprov|Loaned Securities}} or {{gmslaprov|Collateral}}''; “[[in relation to]]” might be misread to imply something a little looser. For example, moneys paid by someone else in relation to the {{gmslaprov|securities}} —— a [[derivative]] counterparty or credit default insurance provider, or even a payment made by the issuer that relates to the shares, but is not a distribution under them: for example, a liability under a private suit to a shareholder as a result of [[Negligent misstatement|misstatement]] to the market. | This is {{gmslaprov|Income}} paid ''by the [[issuer]]'' ''under the terms of the {{tag|contract}} comprising the {{gmslaprov|Loaned Securities}} or {{gmslaprov|Collateral}}''; “[[in relation to]]” might be misread to imply something a little looser. For example, moneys paid by someone else in relation to the {{gmslaprov|securities}} —— a [[derivative]] counterparty or credit default insurance provider, or even a payment made by the issuer that relates to the shares, but is not a distribution under them: for example, a liability under a private suit to a shareholder as a result of [[Negligent misstatement|misstatement]] to the market. <br> | ||