Which of the Following Is NOT Correct Regarding ADRs

question 34

Multiple Choice

Which of the following is NOT correct regarding ADRs?

• A) The ADR market is deep and liquid.
• B) An ADR facility can be established for private placement of new shares in accordance with Rule 154A of the Securities Act 1963.
• C) A depository share is generally composed of more than one share of the foreign issuer.
• D) Currently there are a large number of depository receipts, traded in many countries.

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