ISSA Corporate Actions Working Group
The WG held its kick-off meeting on January 6, 2009 under the name
ISSA Asset Servicing WG and was renamed to ISSA Corporate Actions
WG in early 2010.
The objectives of the WG are:
- To expedite and leverage the implementation of global best practices
already developed for corporate actions, income processing and
possibly proxy voting (relying largely on work done in existing
industry initiatives), and to identify critical issues requiring
improvement.
- To define detailed best practice recommendations for the avoidance
of risk in corporate actions with options.
The two work streams are tackled sequentially; priority is with stream 1.
Progress:
The group reviewed a proposed inventory of current industry initiatives
that are relevant to the project and represent its starting point.
The core team will initially focus on drafting best practice with
input from Europe and North America, and then take the discussion
to additional parties and geographic regions.
The next step is to conduct a detailed review of existing work to
highlight items which could have global applicability, and items
requiring more detailed work.
In January 2010 the group published a set of proposed global principles
for handling corporate actions and asked its members and interested
parties to comment, and to help gather information on local or regional
market initiatives in the field of corporate actions.
The final report (divided into a main document and an annex part)
was published in May 2010 and formally announced to the members
of ISSA during the 15th ISSA Symposium on June 3, 2010. The third
element, i.e. the consolidated feedback to the market survey carried
out as part of the project, was published in June 2010.
Downloads:
| Final Report (05/2010) |
PDF
459 kB |
Annex to the Final Report (05/2010)
|
PDF
344 kB |
| Quick Summary |
PDF
84 kB |
| Market Survey - Europe (06/2010) |
PDF
305 kB |
| Market Survey - Middle East & Africa (06/2010) |
PDF
360 kB |
| Market Survey - Asia (06/2010) |
PDF
622 kB |
| Market Survey - Americas (06/2010) |
PDF
272 kB |
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| AGC endorsement letter (08/2010) |
PDF
82 kB |
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