What Is SEC Form T-3? SEC Form T-3 is an application for the qualification of an indenture that must be filed with the Securities and Exchange Commission (SEC). SEC Form T-3 is needed for compliance with the Trust Indenture Act of 1939, which applies to debt securities such as bonds, debentures, and notes that are
What Is Form TA-1? SEC Form TA-1 is a form used to officially apply for or amend registration as a transfer agent. A transfer agent is a trust company, bank, or similar financial institution assigned by a corporation for the purposes of maintaining all of its shareholders’ financial records and tracking each investor’s stock balance. Key
What Was SEC Form U-3A-2? The now-obsolete SEC Form U-3A-2 was required to be filed with the Securities and Exchange Commission (SEC) by any holding company that wanted to buy or merge with a utility company, and thus sought an exemption from the Public Utilities Company Holding Act (PUHCA) of 1935. Key Takeaways Holding companies that
What Is SEC Form U-7D? SEC form U-7D is a document that must be filed when a utility holding company leases a utility facility to an operating public utility company. It is a required filing by the Securities and Exchange Commission (SEC). Key Takeaways SEC Form U-7D must be filed after the execution of any
What is SEC Form X-17A-5 SEC Form X-17A-5 is a financial reporting form that all broker-dealers who are registered with the U.S. Securities and Exchange Commission (SEC) must complete. This form consists of three parts and contains an annual audit that must be performed by a certified public accountant (CPA). Breaking Down SEC Form X-17A-5 SEC Form X-17A-5 must be
What Are SEC MEF Filings? An SEC MEF filing concerns the registration of up to an additional 20% of securities for an offering under Rule 462(b) of the Securities Act of 1933. The filing is done by an issuer who is increasing the size of its offering. Key Takeaways: SEC MEF Filings are submitted to
What Is the Secondary Mortgage Market? The secondary mortgage market is a marketplace where home loans and servicing rights are bought and sold between lenders and investors. A large percentage of newly originated mortgages are sold by the lenders who issue them into this secondary market, where they are packaged into mortgage-backed securities and sold
What Is a Secondary Beneficiary? A secondary beneficiary, also known as a contingent beneficiary, is a person or entity that may inherit assets from a grantor after the rights of the primary beneficiary are considered and satisfied. A secondary beneficiary inherits assets only when meeting certain conditions, such as the death of the primary beneficiary
What Is a Secondary Business? A secondary business is a part of a corporation that is not part of its core functions but supplements it instead. A secondary business can contribute to the overall health of the corporation and can hold assets just as any other business unit. Understanding a Secondary Business Secondary businesses that were
What is Secondary Liability? Secondary liability is the responsibility that falls on a party when the party with the primary liability is unable to fulfill their legal obligations. Key Takeaways Secondary liability is the responsibility that falls on a party when the party with the primary liability is unable to fulfill their legal obligations.Secondary liability
