Regulatory Alerts2022-01-01
Added · Updated
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.
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