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6 Corporate Actions in the Intermediated System:

Nora Rachman, Maria Vermaas

From: Transnational Securities Law

Edited By: Thomas Keijser

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 20 October 2021

Subject(s):
Voting — Intermediated securities — Central Securities Depository (CSD) — Geneva Securities Convention — Securities settlement system — Proxy voting and funds — Banks and cross-border issues
6.01 During the lifecycle of securities, issuers make decisions related to the exercise of rights attached to the securities. In this context, issuers must effectively liaise with investors1 to: (i) seek approval for decisions (through the exercise of voting rights); (ii) distribute rights according to decisions (through payment of dividends or other distributions2); and/or (iii) provide investors with information concerning (i) or (ii).3 We refer to these events as corporate actions.4 6.02 The investor-issuer relationship in corporate actions is a sensitive...
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