The Prompt Offering Qualification (POP) System:
1) is available to senior reporting issuers who are subject to continuous disclosure requirements.
2) saves a great deal of time and money.
3) has reduced the importance of bought deals.
4) generally focuses on the details of the securities such as price distribution spread, use of proceeds and security attributes.

Question

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The Answer of The Prompt Offering Qualification (POP) System:
1) is available to senior reporting issuers who are subject to continuous disclosure requirements.
2) saves a great deal of time and money.
3) has reduced the importance of bought deals.
4) generally focuses on the details of the securities such as price distribution spread, use of proceeds and security attributes.