Shelf-registration allows firms quick access to funds without repeatedly being slowed by the registration process.

Question

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Shelf registration is a procedure, specifically under Rule 415 of the U.S. Securities and Exchange Commission, that allows firms to register a new issue of securities without having to sell the entire issue at once. They can instead sell parts of the issue over a period of up to three years, providing them quick access to funds as needed without going through the registration process each time.

Shelf-Registration Allows Firms Quick Access to Funds Without Repeatedly Being