Enter to open, tab to navigate, enter to select
Control Securities
Practical Law Glossary Item 5-383-2172 (Approx. 2 pages)
Glossary
Control Securities
Securities held by an affiliate of the issuer, regardless of how the affiliate acquired the securities. Control securities may be resold either in a transaction:
- Registered under the Securities Act.
- Exempt from the registration requirements of the Securities Act.
For more information on resales of control securities, see Practice Notes, Resales Under Rule 144, Regulation S Transactions, and Resales Under Rule 144A and Section "4(1½)".