GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||
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07:15 Aug 1, 2011 |
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English language (monolingual) [PRO] Bus/Financial - Investment / Securities / equity distribution agreement | |||||||
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| Selected response from: Liz Dexter (was Broomfield) United Kingdom | ||||||
Grading comment
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +5 | Refers to Section 11 of the Act |
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Discussion entries: 3 | |
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"as such section applies to the manager" Refers to Section 11 of the Act Explanation: The "section" in your highlighted part refers to Section 11 of the Act, not the registration statement or the amendment. You could reword it like this to make it clearer, (I've taken out the parenthesis but that's just to make it clearer here; it would need to go in) although literally speaking, it does make sense, as it refers to Section 11 as "the section" which is how it should be done. "the registration statement, as amended at the time of such registration statement's effectiveness for purposes of Section 11 of the Act, as Section 11 applies to the Manager, including ..." So the parts of Section 11 that apply to the manager are included in the registration statement, which has been amended for the purposes of the Act. |
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Grading comment
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