registered security
registered security see security

Merriam-Webster’s Dictionary of Law. . 1996.

registered security
A 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. . 2010.

Look at other dictionaries:

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  • security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also …   Law dictionary

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  • registered bond — A bond made payable to a particular person whose name is registered on the books of the issuer. Benwell v Newark, 55 NJ Eq 260,264, 36 A 668. See registered security. registered letter. See registered mail …   Ballentine's law dictionary

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