Equity securities

click fraud protection

Securities different properties and are classified on various grounds.According to the method of manufacture allocate emission and non-equity securities.

The securities are characterized by such features as the ability to attach property and other rights, issues placed in equal volumes and the same timing of the rights within one issue, regardless of the time when such securities are purchased, can be defined as equity securities

emissions - actions of the issuer of the securities issue and their placement among the owners.In fact, equity securities are the basis of the securities market.As a result, transactions civil law there is a transition of ownership of them from the issuer to the owners.

Issuer emissions need for additional funding and the creation of the status of a public company.The most commonly emitted bonds, stocks, etc.

Equity securities are the following types.Such securities are issued in the form of registered securities of the documentary form, registered securities dematerialized form and certificated securities in bearer form.

choice of the form of release is determined by the issuer in its founding documents, in the prospectus, and the decision to issue securities.

When issuing securities in the documentary form owner may be issued a single certificate for all types of securities acquired by them, stating their quantity, value and face value category.

Equity securities certified certificates.One such securities may be accompanied by only one certificate.At the same time, respectively, each certificate can certify the rights to one, several or all of the securities with a state registration number.

When deciding to issue securities in certificated form release their organization has the right to determine what certificates will be issued to the owners or they will be subject to centralized storage in depositories.

Issuing bearer securities are issued only in paper form.In contrast, registered and may be issued in documentary and non-documentary form.

All property rights and property rights, which are fixed in certificated form or book-entry form, are equity securities, with the conditions of their origin and treatment must comply with the totality of the evidence of emission of valuable paper.

issued by foreign issuers of securities to trading in the Russian Federation are permitted after a special registration of the prospectus, which is carried out by the Federal Commission.

If necessary, the withdrawal into circulation securities issued by issuers registered in Russia, such a decision is also taken only with the consent of the Federal Commission.

rights constituting documentary security, Identity certificates and decisions on emissions.In the case of uncertificated securities, similar rights are confirmed by the decision on their release.

Equity securities secured for the owners of the rights to the extent in which they are established by the decision on the issue and legislation.

The certificates on equity securities must be in place a mandatory number of details: the full name of the emitting organization, legal address, registration number of securities, the issuer's obligation to ensure the rights of the owners, an indication of the number of issued securities, an indication of release forms, signatures of heads, printing of the issuer, otherrequisites required to indicate the legislation.

Equity securities, for any reason, not registered at the issue, by law, can not be placed among the owners.