foreign private issuer

foreign private issuer
For US purposes, any foreign issuer other than a foreign government, except an issuer where more than 50% of its outstanding voting securities are held directly or through voting trust certificates or depositary receipts by US residents; and any of the following conditions are satisfied:
The majority of the executive officers or directors are US citizens or residents;
More than 50% of the assets of the issuer are located in the US; or
The business of the issuer is administered principally in the US.
In determining the percentage of shares held by US residents, a company must look through brokers, dealers and nominees located in the US, the UK and, if different, the jurisdiction that is the primary trading market for the shares, by inquiring as to the amount of shares held by those entities for the account of customers resident in the US.
Related links
+foreign private issuer
USA
Any foreign issuer other than a foreign government, except an issuer meeting the following conditions:
• US residents own more than 50% of the issuer's outstanding voting securities; and
• Any of the following:
o the majority of the executive officers or directors are US citizens or residents;
o more than 50% of the issuer's assets are located in the US; or
o the issuer's business is administered principally in the US.
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • History of private equity and venture capital — The history of private equity and venture capital and the development of these asset classes has occurred through a series of boom and bust cycles since the middle of the 20th century. Within the broader private equity industry, two distinct sub… …   Wikipedia

  • Form 6-K — USA A form under the Exchange Act requiring foreign private issuers subject to Exchange Act reporting requirements to furnish current reports to the SEC. A foreign private issuer is required to furnish promptly any information which it: • Makes… …   Law dictionary

  • Form 20-F — USA Form 20 F, Also known as the Annual Report on Form 20 F. Form 20 F is used by a foreign private issuer that is not an asset backed issuer as: • An annual or transition report (when an issuer changes its fiscal year end) under Section 13 or… …   Law dictionary

  • Annual Report on Form 20-F — USA Form 20 F, Also known as the Annual Report on Form 20 F. Form 20 F is used by a foreign private issuer that is not an asset backed issuer as: • An annual or transition report (when an issuer changes its fiscal year end) under Section 13 or… …   Law dictionary

  • Rule 12g3-2(b) — USA A rule under the Exchange Act that exempts foreign private issuers from complying with the ongoing periodic filing requirements of the Exchange Act. To qualify for the exemption, a foreign private issuer must: • Be listed on a non US exchange …   Law dictionary

  • Schedule 13E-4F — This schedule may be used by a Canadian foreign private issuer that makes an issuer tender offer for its equity shares, provided that U.S. holders hold less than 40% of the class of shares subject to the offer. The Canadian issuer must, of course …   Investment dictionary

  • Form F-3 — USA A short form registration statement that can be used by foreign private issuers that meet certain company and transaction requirements established by the SEC. Form F 3 consists primarily of the specific transaction information. Form F 3… …   Law dictionary

  • SEC Form 15F — A filing with the Securities and Exchange Commission (SEC), also known as the Certification of a Foreign Private Issuer s and Termination of Registration. It is used by private foreign companies to revoke the registration of their securities… …   Investment dictionary

  • List of best-selling video games — This is a list of video games that have sold or shipped at least one million copies, including the top ten best selling franchises. ConsolesAtariAtari 2600Atari 2600 games that have sold or shipped at least one million copies. * Pac Man (7… …   Wikipedia

  • smaller reporting company — USA Defined by the SEC as an issuer that is not an investment company, an asset backed security, or a majority owned subsidiary of a parent that is not a smaller reporting company and that had a public float of less than $75 million. If an issuer …   Law dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”