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

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570 APPENDIX the manner prescribed in a circular of the Committee dated July 1, 1023 (or any future amendments thereof) and contain the information and be accompanied by the required documents. in so far as the provisions of that circular are applicable. NoN-PUBLICATION OF APPLICATIONS Until further notice the names of investment trusts which apply for listing of their securities shall not be published, inasmuch as refusals may be frequent until satisfactory final requirements for listing shall have been developed through experience. At a later date the usual publicity may be given to the names of applicants. MANAGEMENT Each application for listing a security of an investment trust, as defined above, must state whether such trust is to be managed independently by its own officers and directors or whether it is to be managed directly or indirectly by other individuals, firms or corporations. The names of all individuals, firms or corporations which are directly or indirectly responsible for the management must be set forth, and there must be included in the body of the application a summary of all significant provisions contained in the Charter, Articles of Incorporation and By-laws of the Company, and all significant provisions contained in any existing agreements or con- tracts which define the powers and privileges of the management and the restraints thereon. . Copies of all of these documents must be submitted with the application. These requirements apply likewise to any subsidiaries existing at the time of the application. If the investment trust is managed exclusively and independently by its own officers and directors, the affiliations of such officers and directors with other firms or corporations must be stated. If the investment trust is managed directly or indirectly by another indi- vidual, firm or corporation, a copy of each contract with such individual, firm or corporation must be included in the body of the application. Each application must present full details regarding the basis on which compensation for management is computed, including direct payments, options, warrants and any other form of direct or indirect compensation either present or future. . Applicant companies must agree promptly to advise the Exchange, on behalf of themselves and of any subsidiaries which have been or may be formed, of any change in the terms or conditions of any management con- tracts existing at the time of listing and of the terms and conditions of contracts subsequently concluded. In like manner applicant companies and subsidiaries must agree to inform the Exchange of all changes in terms and conditions of option warrants. OPERATING EXPERIENCE No fixed period of actual existence as an operating investment trust is now stipulated before the applicant is eligible for listing, but such reasonable period will be required as in the judgment of the Committee has demon- strated that the applicant is a successful operating organization. The required period may be made to depend upon the organization’s size and the purpose of the trust

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