SIA: Sink that Aircraft Carrier

The SEC's proposed revamp of the registration procedure could cost new equity issuers up to 4% of their deals' proceeds and impose a 5 to 10 basis point annual cost on some debt issuers by forcing them to turn to alternative markets, according to a study published by the Securities Industr...

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Bibliographic Details
Published in:Investor relations business 1999-07, p.1
Main Author: Keegan, Jeffrey
Format: Article
Language:English
Subjects:
Aircraft carriers
Capital markets
Changes
Costs
Proposals
Registration
Securities industry
Online Access:Get full text
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Summary:The SEC's proposed revamp of the registration procedure could cost new equity issuers up to 4% of their deals' proceeds and impose a 5 to 10 basis point annual cost on some debt issuers by forcing them to turn to alternative markets, according to a study published by the Securities Industry Association. The SIA's estimates are among the first attempts to quantify the effects of the SEC's proposed overhaul of the securities registration process, a proposal so massive in scope that it is nicknamed "the aircraft carrier."
ISSN:1092-1354