Approve or reject a stock preclearance approval

As a member of the legal stock approvers group, approve or reject a stock preclearance approval request so that the requester can trade in the securities of the organization.

Before you begin

Role required: sn_lg_ops.legal_fulfiller

Procedure

1. Navigate to All > Legal Request > Legal Counsel Center.
2. Click the list icon ().
3. In the Lists tab, under My Work, click Items Pending Approvals.
4. Open a stock preclearance approval request record by clicking Requested.
5. Approve or reject the stock preclearance approval request.
   • To approve the stock preclearance approval request, click Approve.

     The state of the approval request updates to Approved.

   • To reject the stock preclearance approval request, click Reject.

     The state of the approval request updates to Rejected.

Result

• If you approve the stock preclearance approval request, the requester can perform the requested securities transaction within the current trading window. The approval is valid based on the approval validity days settings or the closing date of the current trading window, whichever is earlier.
• If you approve the request on a holiday, the approval validity starts from the next business day.
• If you reject the request, the requester cannot perform any securities transactions.