3502. Definitions

Or jump to a Series:

    1. The following terms have the meaningset out below when used in Rule 3500:
    2. “commencement of distribution”

      The time when a Dealer Member has had distribution discussions which are of sufficient specificity that it is reasonable to expect that the Dealer Member (alone or with other underwriters) will propose an underwriting of equity securities to the issuer or selling security‑holder.


      The same meaning as defined under securities laws and includes a distribution pursuant to a bought deal agreement.

      “distribution discussions”

      Discussions by a Dealer Member with an issuer or a selling security‑holder, or with another underwriter that has had discussions with an issuer or selling security‑holder, concerning a distribution.


    There is no history log for this rule.

    There is no history log for this rule.