Comparison of Registration Methods

What this video covers

• The inverse relationship between eligibility strictness and filing burden across filing, coordination, and qualification
• Why filing has the strictest eligibility but lightest burden, and which entities qualify for the seasoned-issuer route versus the open-end fund and unit investment trust (UIT) exception
• Why qualification has zero eligibility restrictions but the heaviest 17-category filing burden, and why it is the only method requiring the Administrator's order to become effective
• The automatic effectiveness rules for filing and coordination, including the 5 business days on file for filing's seasoned-issuer route and 10 days on file for coordination
• The federal covered security trap: why exchange-listed securities skip all three registration lines entirely and only owe a notice filing, not a state registration method
• The decision tree for exam scenarios: check federal covered status first, then Securities and Exchange Commission (SEC) registration, then the fund/UIT shortcut, then financial tests
• Why escrow and impounding are available for coordination and qualification but never for filing, and the 2 full business days max/min price waiting period under coordination