2. Bernard to provide the description of PCAL (with reduction of nominal) and PCAL (as pro-rata). CA324 Usage of NSIS and NEIS for SOFF, DVSE and BONU Item is postponed to next call due to lack of time. Written input received: ZA Feedback ZA also fails to see the benefit based on the above table. Input from XS Wasn't there a taxation reason to be able to clearly distinguish the 2? Input from SE Please see Swedish comments in bold in table below. Issuer of Dividend event? Capitalisation Issuance of new distributed event? shares? securities same as Not relevant for issuer of SE underlying securities? BONU Y N Y Y DVSE Y Y N (TBC) Y or N ? (TBC) Confirmed SE Both possible in SE SOFF N N N N A Swedish version of the table would thus be as below, with three unique combinations: Issuer of Dividend event? Capitalisation distributed event? securities same as issuer of underlying securities? BONU Y N Y DVSE Y Y N SOFF N N N DE Feedback As above, we'll hopefully discuss on Thursday. I agree with Christine's comment in that I also don't see the benefit of the indicator in these cases. Action: NMPGs to provide feedback on the above input CA326 Usage of PROR (Pro-Ration rate) Item is postponed to next call due to lack of time. Written input received: Input from SE
2. Bernard to provide the description of PCAL (with reduction of nominal) and PCAL (as pro-rata). CA324 Usage of NSIS and NEIS for SOFF, DVSE and BONU Item is postponed to next call due to lack of time. Written input received: ZA Feedback ZA also fails to see the benefit based on the above table. Input from XS Wasn't there a taxation reason to be able to clearly distinguish the 2? Input from SE Please see Swedish comments in bold in table below. Issuer of distributed securities same as issuer of underlying securities? Dividend event? Capitalisation event? Issuance of new shares? Not relevant for SE BONU Y N Y Y DVSE Y Y N (TBC) Confirmed SE Y or N ? (TBC) Both possible in SE SOFF N N N N A Swedish version of the table would thus be as below, with three unique combinations: Issuer of distributed securities same as issuer of underlying securities? Dividend event? Capitalisation event? BONU Y N Y DVSE Y Y N SOFF N N N DE Feedback As above, we'll hopefully discuss on Thursday. I agree with Christine's comment in that I also don't see the benefit of the indicator in these cases. Action: NMPGs to provide feedback on the above input CA326 Usage of PROR (Pro-Ration rate) Item is postponed to next call due to lack of time. Written input received: Input from SE