What Is Second-tier Securities Market?

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What Is Second-tier Securities Market, explain four requirements for admission into second-tier securities market, list four methods of admission into second-tier securities market

What Is Second-tier Securities Market?

A second-tier securities market, also known as a secondary market, is a platform where already issued securities, such as stocks or bonds, are bought and sold by investors. It is distinct from the primary market where new securities are initially offered for sale to the public.

Explain four requirements for admission into second-tier securities market

(i) Organizations must be registered with the regulatory body in their region.

(ii) Organizations must have satisfactory financial and accounting records and disclosure documents.

(iii) Organizations must demonstrate a commitment to continuing disclosure obligations.

(iv) Organizations must provide a potentially liquid market for the security, meaning it must actively facilitate the buying and selling of the security.

List four methods of admission into second-tier securities market

(i) Direct listing.

(ii) Reverse merger.

(iii) Reg-A+ IPO.

(iv) Self underwriting.

(v) Special acquisition company.

(vi) Over-the-counter Bulletin Board (OTCBB).

(vii) Pink sheets.

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