What is the meaning of registration statement?
Legal Definition of registration statement : a detailed public disclosure of the terms and conditions of a public offering of a new issue of stock by a corporation. Note: A registration statement is required by the Securities and Exchange Commission before new shares may be offered for sale to the public.
What is an effective registration statement?
If you decide to conduct a registered public offering, the Securities Act requires your company to file a registration statement with the SEC before it may offer its securities for sale. Once your company’s registration statement is “effective,” the company becomes subject to Exchange Act reporting requirements.
What is an initial registration statement?
Initial Registration Statement means a registration statement or registration statements of the Company filed under the 1933 Act covering the Initial Registrable Securities.
What are the four basic information requirements in registration statements?
Registration Under the Securities Act of 1933
- A description of the company’s properties and business;
- A description of the security to be offered for sale;
- Information about the management of the company; and.
- Financial statements certified by independent accountants.
What is needed in a registration statement?
Registration statements have two principal parts. In the prospectus, your company must clearly describe important information about its business operations, financial condition, results of operations, risk factors, and management. The prospectus must also include audited financial statements.
Who prepares the registration statement?
In connection with a public offering of securities, an issuer must prepare a registration statement to give potential investors a reasonable basis upon which to make an investment decision.
What filing is a registration statement?
A registration statement is a filing with the SEC making required disclosures in connection with the registration of a security, a securities offering or an investment company under federal securities laws.
How long does the SEC have to review a registration statement?
between 90 to 150 days
reviews a company’s registration statement to ensure compliance with SEC disclosure rules and federal securities laws, and to elicit clear and balanced disclosure to investors. The typical timeframe for the SEC review is between 90 to 150 days.
What is a regulation statement?
regulatory statement means a directive, guideline, order, circular or bulletin issued by the Authority for the efficacious implementation of this Act; Sample 1.
What is included in a registration statement?
Registration statements for securities offerings often include a prospectus, which is the disclosure document describing the offering, the securities and the company to prospective investors. Form S-1 is the registration statement form often used for registering securities offerings.
How long does it take to get SEC registration?
SEC registration takes 10 to 15 working days upon submission of complete documentary requirements, provided there are no holidays during this time period.
What is the difference between Reg A and Reg D?
With Reg A+ you can take your company public to the NASDAQ or NYSE. With Reg D there are no reporting requirements after the offering. With Reg A+ you can market your offering to non-accredited investors who are easier to reach and more likely to engage with your offering.
What does it mean to file a registration statement?
A registration statement is a filing with the SEC making required disclosures in connection with the registration of a security, a securities offering or an investment company under federal securities laws.
Do you have to pay a registration fee for a mutual fund?
Mutual funds and UITs, however, are not required to pay registration fees when they initially file their registration statements. Under Section 24 (f) of the Investment Company Act, mutual funds and UITs register an indefinite amount of securities under the Securities Act when their initial registration statements become effective.
Which is the most common form to register as an investment company?
The following is a list of forms most commonly used by issuers to register as investment companies under the Investment Company Act and/or to register their securities under the Securities Act: Form N-1A (Registration form for mutual funds). Form N-2 (Registration form for closed-end funds).
What is the investment company registration and regulation package?
This Investment Company Registration and Regulation Package (“Package”) contains general information about investment companies (e.g., mutual funds, closed-end funds, and unit investment trusts) and supersedes the “Investment Company Registration Package” that was previously distributed in a printed format.