A deficiency letter is a written notice from the Securities and Exchange Commission (SEC) to a prospective issuer of securities, indicating that the preliminary prospectus needs revision or expansion. Addressing deficiency letters promptly is crucial to avoid prolonging the registration period.
A foreign company, or overseas company, is a company incorporated outside the UK but has a subsidiary or established place of business within the UK. These companies are subject to provisions of the Companies Act 2006 relating to registration, accounts, constitution, directors, name, etc.
Registration involves the official enrollment process applied in various contexts such as general enrollment, academic settings, and securities markets. In securities, it refers to the process set by the Securities Acts of 1933 and 1934 to ensure compliance and transparency.
The first law enacted by Congress to regulate the securities markets, approved May 26, 1933, as the Truth in Securities Act.
