What is omnibus approval ?

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Accepted Answer

Omnibus approval is a process where a group of related transactions or actions are approved together as a single package.

Omnibus approval is commonly used in financial transactions, such as mutual funds, where multiple transactions are grouped together for approval.
It saves time and effort by allowing multiple transactions to be approved at once instead of individually.
It also helps to ensure consistency and accuracy in the approval process.
For example, if a mutual fund wants to make multiple trades in a single day, they can submit them all for omnibus approval instead of submitting each trade individually.
This process is also used in corporate governance, where multiple related proposals are presented to the board of directors for approval as a single package.

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