Accumulation (ACCU)

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N>

Status: Best Practice Finalised, Last Updated: 24/05/2021

SFTR Report - NONE | Corporate Action Cluster - Non-Economic or Information | Cash Move - N

Description:
Funds related event in which the income (for example accumulation units) that accrues during an accounting period is retained within the fund instead of being paid away to investors. The retained income is NONEtheless deemed to have been distributed to investors for tax purposes.

Best Practice:
When a non-economic or information only event occurs, relevant static data should be updated by both parties as soon as possible after the event where applicable. (COAC-2)