Examples of Initial Coin Offering in a sentence
Access Persons may not acquire securities in an Initial Public Offering (“IPO”), Initial Coin Offering (“ICO”), Securitized Coin Offering (“SCO”) or Private Placement unless prior written approval is obtained from the Compliance Officer, and, in the determination of the Compliance Officer, participation does not present a conflict of interest with any Clients or impede the equitable distribution of the offering to the public.
The Code Administrator, after reviewing all the pertinent facts and circumstances, may determine, if not prohibited by applicable law, that an indirect Beneficial Interest over Securities held by members of the Access Person’s Household Family Members does not exist or is too remote for purposes of the Code’s requirements.Initial Coin Offering An Initial Coin Offering (ICO) is the cryptocurrency industry’s equivalent to an Initial Public Offering (IPO) (see IPO definition below).
Reporting Persons may, subject to pre-clearance requirements, purchase shares in a Private Placement or acquire virtual “coins” or “tokens” in an Initial Coin Offering (“ICO”) that is conducted as a Private Placement as long as the position will be less than a 10% voting interest in the issuer, or 10% of the ICO, and is otherwise permitted under the Policy on Directorships and Other Outside Employment as set forth in the Allspring Code of Ethics and Business Conduct.
Equity Securities Yes Yes Corporate Debt Securities Yes Yes Investment Trusts Yes Yes Municipal Bonds Yes Yes Options on Reportable Securities Yes Yes Self-directed Reportable Securities transactions in Automatic Investment Plans Yes Yes Virtual Coins or Tokens acquired through an Initial Coin Offering (“ICO”) or those acquired through a secondary token offering.
Page 14 of 19 Initial Coin Offering An initial offer or sale of Digital Currencies or Digital Security Tokens.