The Asset Managers Forum Corporate Actions Committee sends letter to SEC
SIFMA's The Asset Managers Forum Corporate Actions Committee sent a letter to the Securities and Exchange Commission in support of the "Issue to Investor: Corporate Actions" initiative, led by The Depository Trust & Clearing Corp., the Society for Worldwide Interbank Financial Telecommunication and eXtensible Business Reporting Language. The committee stated that it supports this initiative because it addresses a common issue that all market participants face, the effective processing of corporate reporting, such as issuer-announced corporate actions. The letter, addressed to Meredith Cross, director of the SEC Division of Corporate Finance, discusses many issues that would be helped by standardizing issuer-announced corporate actions by requiring issuers to use the XBRL. Read the committee's letter to the SEC. Learn more about SIFMA's The Asset Managers Forum.
This story published in SIFMA SmartBrief on 11/06/2009
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