Closing of register and payment of interest and principal
29 Closing of register and payment of interest and principal
The register is to be closed for the determination of interest entitlements in respect of stock during the 7 days immediately preceding and including the interest payment date specified in a prospectus issued by the Corporation in relation to the stock.
Where a transfer of stock is received during the period the register is closed pursuant to subregulation (1), the transferee is not, except with the approval of the registrar, entitled to the interest payment next occurring after the transfer of stock.
The register is to be closed for the repayment of principal during the 7 days immediately preceding and including the maturity date.
A transfer of stock received during the period the register is closed pursuant to subregulation (3) is not to be inscribed except with the approval of the registrar.
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