Terminology | 2009.11.30
ICMSA Recommendation for Record Dates
LONDON--(BUSINESS WIRE)--Introduction The ICMSA draws attention to an ongoing practice by certain issuers of international instruments1 in global bearer form to insert a record date in their issuing documentation. Strictly speaking such terms are incompatible with bearer instruments, with ‘record date’ terminology typically referring to registrar’s records for registered securities. Additionally, for issues in global registered form, the ‘15 days prior’ rule to dete
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