top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

What is “Secondary Distribution of Securities”?

+2 votes
29 views
What is “Secondary Distribution of Securities”?
posted Apr 27, 2016 by Ritika Sharma

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

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
...