ISSA Global Corporate Actions Principles - Clearstream

International Securities Services Association ISSACorporate Actions Working GroupRegion Organization AcronymEuropeEuropeEuropeEuropeEuropeEuropeEuropeEuropeEuropeEuropeEuropeJoint Working Group 'General Meetings'A parallel working group drawn from the same associations as theCAJWG, looking into issues specifically related to General MeetingsThe European Commission’s Clearing & Settlement Advisory andMonitoring Expert GroupCESAME2's mandate is to facilitate a barrier-free Single EuropeanMarket for clearing and settlement of securities transactions. It is composedof 30 high-level representatives of various, mainly privatesector,bodies involved in post trading, and observers from publicauthorities.European Fund and Asset Management Association / EFAMAFund Processing Standardisation Group (FSPG)www.efama.orgA working group within EFAMA is looking into ways and means toachieve efficiency gains in corporate actions processing for Europeanmutual funds (UCITS funds). The principles and standards defined bythe CAJWG for conventional securities serve as primary reference.European Association of Central Counterparty Clearing Houseswww.eachorg.euEuropean Association of Co-operative Bankswww.eurocoopbanks.coopEuropean Banking Federationwww.fbe.beEuropean Central Securities Depositories Associationwww.ecsda.comEuropean Issuerswww.europeanissuers.euEuropean Savings Banks Groupwww.savings-banks.comFederation of European Securities Exchangeswww.fese.orgTARGET2 Securities Corporate Actions Sub-Grouphttp://www.ecb.int/paym/t2s/progress/subcorpact/html/index.en.htmlJWGGMCESAME,CESAME2EFAMAEACHEACBEBF / FBEECSDAEuropeanIssuersESBGFESECASGMany markets – typically in Western Europe but not limited to that region - have MarketImplementation Groups (MIGs) whose composition is representative of their marketstructure. Once new regulation, standards, best practices etc. have been developed and agreed,the task of the MIG is to promote, coordinate and drive the implementation phase within theirmarket. The MIGs can, but need not be identical with the National Market Practice Groupsunder the umbrella of SMPG.May 2010 16