- ineligible issuer
USAAn issuer that meets any one of the following as of the relevant date of determination:• Any issuer that has not filed all required Exchange Act reports during the preceding 12 months (or for such shorter period that the issuer was required to file such reports under the Exchange Act), other than reports on Form 8-K required under Items 1.01, 1.02, 2.03, 2.04, 2.05, 2.06, 4.02(a), 6.01, 6.03 or 6.05 (For further information, see Practice Note, Form 8-K (www.practicallaw.com/9-381-0960)).• The issuer is, or during the past three years the issuer or any of its predecessors was:o A blank check company;o A shell company, other than a business combination related shell company; oro An issuer in an offering of penny stock.• The issuer is a limited partnership that is offering securities other than through a firm commitment underwriting.• The issuer has in the past three years filed for or been the subject of a federal bankruptcy petition or state insolvency proceeding.• The issuer, or any entity that at the time was a subsidiary of the issuer, was convicted of any felony or misdemeanor under Section 15(b)(4)(B) of the Exchange Act (bribery, perjury, fraud or embezzlement) in the past three years.• The issuer or any entity that at the time was a subsidiary of the issuer violated or was the subject of any judicial or administrative decree or order relating to violations of, the anti-fraud provisions of the federal securities laws within the past three years.• The issuer has filed a registration statement that is or has been of any refusal order or stop order under the Securities Act within the past three years.• The issuer is the subject of any pending proceeding under Section 8A of the Securities Act in connection with an offering.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
well-known seasoned issuer — (WKSI) USA An issuer that meets all of the following requirements at some point during a 60 day period preceding the date the issuer satisfies its obligation to update its shelf registration statement (generally the date of filing its Form 10 K… … Law dictionary
WKSI — well known seasoned issuer (WKSI) USA An issuer that meets all of the following requirements at some point during a 60 day period preceding the date the issuer satisfies its obligation to update its shelf registration statement (generally the… … Law dictionary
Bond insurance — (also known as financial guaranty insurance ) is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or… … Wikipedia
Real Estate Mortgage Investment Conduit — Real Estate Mortgage Investment Conduits, or REMICs, are a type of special purpose vehicle used for the pooling of mortgage loans and issuance of mortgage backed securities. They are defined under the United States Internal Revenue Code (Tax… … Wikipedia
Center for Audit Quality — Infobox Company company name = The Center for Audit Quality company company type = Autonomous member funded non profit foundation = 2007 location = Washington, D.C., USA key people = Cynthia M. Fornelli, Executive Director homepage =… … Wikipedia
Social Protection — ▪ 2006 Introduction With medical costs skyrocketing and government programs scaled back, citizens bore more responsibility for their health care costs; irregular migration, human trafficking, and migrant smuggling posed challenges for… … Universalium
Mahmoud Ahmadinejad — محمود احمدینژاد Ahmadinejad at a news conference in Brasília, November 2009 President of Iran Incumbent … Wikipedia
Patient Protection and Affordable Care Act — Full title The Patient Protection and Affordable Care Act. Acronym PPACA Colloquial name(s) Affordable Care Act, Healthcare Insurance Reform, Obamacare, Healthcare Reform Enacted by the … Wikipedia
SEC Form 20-F — A form issued by the Securities and Exchange Commission (SEC) that must be submitted by all foreign private issuers that have listed equity shares on exchanges in the United States. Form 20 F calls for the submission of an annual report within… … Investment dictionary