Shelf registration of a security is a procedure affixing a front

SEC Rule 415 allows corporations to file registration statements covering a stipulated amount of

securities that may be issued over the 2-year effective penned of the statement The securities are

placed on the shelf and issued at an opportune moment without the necessity of tiling a new

registration statement, observing a 20-day waiting period, or prepping a new prospectus The issuer is

required only to provide updating amendments or to refer investors to quarter and annual

statements tiled with the SEC. Shelf registration is most advantageous to large corporations that

frequent offer securities to the pubic.