The non-bank provider of structured products has become a well-known seasoned issuer (WKSI) of structured notes on shelf in the US.
Marex Group has set up its shelf offerings of structured notes under a senior debt indenture for US investors, according to its filing with the US Securities and Exchange Commission (SEC) today (4 August). The company has qualified as a well-known seasoned issuer (WKSI) benefiting from automatic shelf registration, which becomes effective upon filing and permits unlimited number of securities, with filing fees on a ‘pay-as you go’ basis. The Bank of New York Mellon will act as the