Under __________ a borrower gets advance approval from the SEC to issue securities up to a certain amount at an unspecified time in the future.
A) advance registration
B) pre-registration
C) guaranteed registration
D) shelf registration

Question

Quizplus · Accepted Answer

Under shelf registration, a borrower gets advance approval from the SEC to issue securities up to a certain amount at an unspecified time in the future. This allows the borrower to save time and money by registering a large amount of securities upfront, and then issuing them as needed without having to go through the registration process again.

Under __________ a Borrower Gets Advance Approval from the SEC