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SEC Grants Exemption to Bank from "Ineligible Issuer" Status

The SEC Division of Corporation Finance granted no-action relief to a bank from being considered an "ineligible issuer" under Securities Act Rule 405, subject to certain conditions.

Primary Sources

  1. SEC Division of Corporation Finance No-Action Letter: The Bank of New York Mellon Corporation - Waiver Request for Ineligible Issuer Status under Rule 405 of Securities Act of 1933 (December 17, 2018)

Tags

Regulated Activities
Waiver
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
SEC