Investor fund transfer rule prevents transfer of shares to investor protection fund if dividend paid or claimed during period. Amendment redefines the transfer trigger to the Investor Education and Protection Fund so that a share is subject to transfer where a dividend has not ... Summary
Investor fund transfer rule prevents transfer of shares to investor protection fund if dividend paid or claimed during period.
Amendment redefines the transfer trigger to the Investor Education and Protection Fund so that a share is subject to transfer where a dividend has not been paid or claimed for seven consecutive years or more, and inserts an explanation that if any dividend is paid or claimed for any year during that seven year period the share shall not be transferred.
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