Level III ADR Commitment Applies To

question 32

Multiple Choice

Level III ADR commitment applies to:

• A) firms that want to list existing shares on the NYSE.
• B) banks issuing foreign mutual funds.
• C) ADR issues of under $25,000.
• D) the sale of a new equity issued in the United States.

---

Definitions:

State Trial Court

The court of first instance in a U.S. state that handles both criminal and civil cases, differing from appellate courts.

Damages

Financial compensation awarded by a court to indemnify loss or harm suffered as a result of another party's actions or negligence.

Standing

The legal right to initiate a lawsuit, predicated on the party's stake in the outcome of a dispute to be adjudicated by the court.

In Personam Jurisdiction

A judicial jurisdiction over the person, where the court has the authority to make decisions affecting the personal rights of an individual.