The ________ period begins when the registration statement becomes active and runs until the issuer either sells all of the securities or withdraws them from sale.

Question

Quizplus · Accepted Answer

The posteffective period begins when the registration statement becomes effective (i.e., approved by the SEC) and runs until the issuer either sells all of the securities or withdraws them from sale. The prefiling period is the stage before the registration statement is filed with the SEC. The fixing period refers to the process of determining the offering price for the securities. There is no waiting period in the context of securities registration.

The ________ Period Begins When the Registration Statement Becomes Active