2.1.8 Maintain Stop Status on Unit Holder Account

This topic provides instructions to maintain Stop Status on Unit Holder Account.

A stop could be placed on a unit holder account for a number of reasons. Such a stop typically results in restrictions being placed on the account, in terms of inflows and outflows, with regard to the following events:

• Any inflow and outflow transactions
• Standing instructions
• Tax deduction
• Dividend payment

A unit holder account can be rendered as restricted in an operation through a stop, due to any of the following:

• An IRS notification on the account. This could be due either to non-payment of tax, or incorrect reporting of the Tax ID.
• The Stop Code being assigned to the account, for escheatment tracking.

• Specify the Stop Instruction
  This topic provides instruction to specify the Stop Instruction.
• The Stop Account Code
  This topic provides instructions to indicate the stop instruction status of the account.