Document ID: chunk:federal_register_of_legislation:C2025C00014:section:26bc:p3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 26BC (pt 3/9)
Character Range: 244940–247715

and
 (c) if any of the following events occurred during the period (in this section called the borrowing period) commencing at the original disposal time and ending at the re‑acquisition time:
 (i) the making or payment of a distribution (whether in property or money) in respect of the borrowed security;
 (ii) the issue, by the company, trustee, government or government authority concerned, of a right or option in respect of the borrowed security;
 (iii) if the borrowed security is a right or option:
 (A) the giving of a direction by the lender to the borrower to exercise the right or option; or
 (B) the giving of a direction by the lender to the borrower to exercise an identical right or option;
  then (even if the event occurred after the borrowed security was disposed of by the borrower to a third party), the lender receives from the borrower, under the agreement:
 (iv) if subparagraph (i) applies:
 (A) the distribution; or
 (B) if the distribution is in property—identical property; or
 (C) a payment (in this section called the compensatory payment) equal to the value to the lender of the distribution; or
 (v) if subparagraph (ii) applies:
 (A) the right or option; or
 (B) an identical right or option; or
 (C) a payment (in this section also called the compensatory payment) equal to the value to the lender of the right or option; or
 (vi) if subparagraph (iii) applies:
 (A) the shares, units, bonds, debentures or financial instruments that resulted from exercising the right or option; or
 (B) shares, units, bonds, debentures or financial instruments that are identical to those that resulted from, or that would have resulted from, exercising the right or option; or
 (C) a payment (in this section also called the compensatory payment) equal to the value to the lender of the shares, units, bonds, debentures or financial instruments that resulted from, or would have resulted from, exercising the right or option; and
 (d) if the total consideration payable or to be given by the borrower under the agreement consists of:
 (i) the transfer of, or the promise to transfer, the replacement security or replacement securities concerned; and
 (ii) other consideration (in this paragraph called the notifiable consideration);
  the agreement contains:
 (iii) if the notifiable consideration is wholly covered by one of the following categories:
 (A) a fee;
 (B) an adjustment for variations in the market value of eligible securities;
 (C) other consideration;
  a statement specifying the category concerned and setting out such information as will enable the amount or value of the notifiable consideration to be readily ascertained; or
 (iv) if the notifiable consideration is covered by 2 or more of the following categories:
 (A) a fee;
 (B) an