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Legal Update

Maintaining a Shelf Registration Statement Following Loss of WKSI Status

30 January 2009
Mayer Brown Legal Update
A registrant that qualifies as a "well-known seasoned issuer" (WKSI) is able to sell securities pursuant to an automatic shelf registration statement. Such a registration statement becomes effective upon filing and permits the registration of an unlimited amount of securities, with filing fees on a "pay-as you go" basis.
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