The work of the Stock Exchange

Bibliographic data

Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

567 portion of a certificate of deposit may be typed satisfactorily to the Committee. APPENDIX Temporary Certificates or Receipts Temporary certificates or receipts must conform to the General Require- ments above outlined and to the Specific Requirements as to stock certifi cates, except that the text may be typed satisfactorily to the Committee, and need not bear a vignette. REMOVALS OR SUSPENSIONS IN DEALINGS OF LISTED SECURITIES Whenever it shall appear that the outstanding amount of any security listed upon the Stock Exchange has become so reduced as to make inadvis- able further dealings therein, the Committee may direct that such security be removed from the list and further dealings therein prohibited. “The Governing Committee may suspend dealings in the securities of any corporation previously admitted to quotation upon the Exchange, or it may summarily remove any securities from the list.” Special Requirements for Listing Foreign Shares Subject to its right to waive or amend these requirements, the Com- mittee on Stock List has adopted the following requirements for listing foreign shares: 1. To be available for listing, foreign shares must be in the form of certificates issued by an approved American institution or by the American branch of an approved foreign institution based upon the deposit with a foreign correspondent of the original foreign shares. 2. Applications must be signed by the company and endorsed by Bank- ers to the Issue satisfactory to the Committee on Stock List or must be made on behalf of and signed by Bankers to the Issue satisfactory to the Committee on Stock List. 3. Conditions of issuance of Certificates of Deposit must be such that shares deposited abroad may be released upon cable advice upon the can- cellation of such Certificates of Deposit and that additional Certificates of Deposit may be issued in New York upon cable advice from the foreign depositary of the deposit of additional shares. The Committee may approve restrictions upon such interchangeability for a reasonable period. 4. Until further action Certificates of Deposit should be in registered form only. The precise form will be considered at the time of application without, until further notice, prescribed rules in relation thereto, excepting that such certificates should comply with requirements of New York State law as to negotiability. The agreement covering such Certificates of Deposit must provide that no original foreign shares against which there are any outstanding “oppositions” shall be accepted for deposit and must also pro- vide for the publication to American certificate holders of a summary, in the English language, of the current annual reports of the company. I Application should name the Exchanges upon which the security is listed and whether it is dealt in for the term settlement or for the cash settlement only. 6. The application must state affirmatively that there are no govern- mental restrictions against the payment of interest or dividends to American

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