EY – Transforming the Corporate Action lifecycle may require additional regulations governing the timing of notifications, submissions, disclosers and supporting activities. It is critical that the industry voices concerns and comments, and upholds and supports a defined timeline for notifications of these events. Mandating disclosure of Corporate Action data and event announcements will not be effective in supporting investors if issuers are not bound to clearly defined guidelines regarding disclosures in a uniform, standardized and centralized framework. We encourage industry participants, including regulators, to develop guidelines to modernize the Corporate Action lifecycle for the benefit of market participants and investor protection.