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What is “Secondary Distribution of Securities”?

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What is “Secondary Distribution of Securities”?
posted Apr 27, 2016 by Ritika Sharma

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The FIEA defines “Secondary Distribution of Securities” (Article 2(4) of the FIEA) to be, in the case of such Securities as share certificates and corporate bond certificates (“Paragraph (1) Securities”), solicitations of applications to sell or purchase already-issued Securities (“Solicitation for Selling, etc.”) that are made to “a large number of persons,” which is 50 or more persons.

answer Jun 8, 2017 by Sumeet Vyas