Series 53: 4.2.3.3. Depository Eligibility Registration: Issuers

4.2.3.3. Depository Eligibility Registration: Issuers

Issuers of municipal securities must apply for new issue eligibility at a registered securities depository, such as the Depository Trust Company.

For each new municipal issue being considered for eligibility, the DTC requires the following documentation for its initial review of eligibility criteria:

• Preliminary offering document. The lead underwriter must submit a copy of the preliminary official statement for initial review of eligibility criteria.

• Eligibility Questionnaire. The lead underwriter submits an Eligibility Questionnaire specifying the basic details of the issue, such as the offering amount and issue price,