- registered security
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registered security see security
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- registered security
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USAA security registered with the Securities and Exchange Commission (SEC) under Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended (Exchange Act). The Exchange Act requires a class of securities to be registered under the following circumstances:• Securities exchange listing. Before a company's securities can begin to trade on a "national securities exchange" (as defined by the SEC) such as the New York Stock Exchange or NASDAQ Stock Market, a company must register that class of securities (debt or equity) with the SEC under Section 12(b) of the Exchange Act.• Size thresholds. Companies with total assets greater than $10 million and with more than 500 equity shareholders (and, for foreign private issuers, more than 300 US resident shareholders (Rule 12g3-2(a), Exchange Act)) must register those securities with the SEC under Section 12(g) of the Exchange Act (also known as the "widely-held" equity securities rule).By registering securities under Section 12(b) or Section 12(g) of the Exchange Act, a company becomes subject to the periodic and current reporting requirements of Section 13(a) of the Exchange Act and, as a result, becomes a reporting company.Related links<
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
