Prospectus upddates [Yahoo! Finance]
STOREBRAND ASA UNSP/ADR (SREDY)
NASDAQ:AMEX Investor Relations:
storebrand.no/en/investor-relations
Company Research
Source: Yahoo! Finance
Effective as of today, the new cut-off is 1300 CET (from 1500 CET). The new cut-off time accommodates for shorter settlement periods The background for this change is that the U.S. Securities and Exchange Commission (SEC) has implemented amendments to the rule that will reduce the standard settlement cycle for most broker-dealer transactions from T+2 to T+1. This means the time between the transaction date and the settlement date, traditionally two business days (T+2), will now be shortened to one business day (T+1) for US securities. Due to shortening of the settlement cycle for U.S. securities, many companies in the financial sector, such as Storebrand, needs to make changes in our operational processes in order to meet the new requirements. Hence, Storebrand Asset Management AS are updating the cut-off time to accommodate the shorter settlement period. For funds managed by Storebrand Asset Management AS, the cutoff time will shift from 15:00 to 13:00. Does not directly affect
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