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Version date: 29 March 2021 - onwards

4.19 Procedure when a counterparty undergoes a corporate action

159. The entity with the new LEI (e.g. merged or acquiring entity- further "new entity") should notify the TR(s) to which it reported its SFTs about the change and request an update of the identifier in the outstanding SFTs as per paragraph 162 below. If the change of the identifier results from a merger or acquisition, the merged or acquiring entity should also duly update the LEI record of the acquired/merged entity. Where applicable, the counterparty should also provide information about the change of country.

160. In the case of corporate restructuring events affecting all outstanding SFTs, the TR should identify all the outstanding SFTs where the entity is identified with the old LEI in any of the following fields: reporting counterparty ID, ID of the other counterparty, and replace the old LEI with the new one.

161. Other corporate restructuring events, such as, but not limited to, partial acquisitions, spin - offs, may affect only a subset of outstanding SFTs, in which case the

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