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Class Action Proposed Settlement (CLSA)

Class Action Proposed Settlement (CLSA)

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

Description

Situation where interested parties seek restitution for financial loss. The security holder may be offered the opportunity to join a class action proceeding and would need to respond with an instruction.

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-9)

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