In Addition to the Licensing and Prospectus Provisions,the Legislation Has

question 22

Essay

In addition to the licensing and prospectus provisions,the legislation has introduced further controls on the securities industry.Give a couple of examples.

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Definitions:

Negotiable

Refers to financial instruments or contracts that can be easily transferred or sold to another party.

Payable On Demand

A financial obligation that must be paid by the debtor when the creditor requests it.

Definite Time

A specific point or period in time that is clearly defined or determined.

Electronic Transactions

The process of conducting financial or administrative transactions digitally, using technology such as the internet, electronic data interchange, or email.