Examples of Ineligible Security in a sentence
Ineligible Security shall mean any security which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.
The Ineligible Security List shall be provided to each Access Person.
The urgent procedure can be applied, inter alia, in cases where the application of the standard procedure could cause detrimental consequences for human lives and health, the country’s security and the work of institutions and organisations, as well as for the purpose of fulfilment of international obligations and harmonisation of legislation with the EU Acquis.
Promptly upon learning of a potential violation of Rafferty’s policies and procedures to detect and prevent Insider Trading, the Compliance Officer shall prepare a written report to senior management and may designate the affected security as an Ineligible Security.