Regulatory Alerts2022-01-01
Securities Industry (Registration of Securities) Guidelines 2022
The Securities and Exchange Commission issued these Guidelines to mandate the registration of securities offered to the public or intended for licensed Over-The-Counter trading. Issuers must file a formal application accompanied by corporate resolutions, constitutional documents, audited financial reports, and applicable valuation or prospectus statements, alongside a registration fee of 0.015% of the securities' book value. The framework establishes clear procedures for security cancellation, outlines administrative penalties and criminal settlement options for non-compliance, and defines the comprehensive scope of registrable financial instruments.
Share