Question

Automatic Shelf Registration refers to the practice of allowing:
a. well-seasoned issuers to file shelf registration statements with the SEC that become effective immediately, or the filing of a 'base prospectus,' enabling efficient stock issue
b. well-seasoned issuers to file shelf registration statements with the SEC that become effective immediately, or the filing of a 'base prospectus,' enabling efficient debt issue
c. well-seasoned issuers to file shelf registration statements with the SEC that become effective immediately, or the filing of a 'base prospectus,' enabling efficient stock or debt issue
d. well-seasoned issuers to file shelf registration statements with the SEC that become effective immediately upon filing of a 'red herring prospectus,' enabling efficient stock or bond issue

Answer

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