Admission Board

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DEFINITION of 'Admission Board'

The representatives of a particular stock exchange who determine whether a company will be allowed to list its shares on that exchange. An exchange's admission board establishes the exchange's listing requirements, ensures that listed stocks comply with those requirements and makes decisions about when a stock should be delisted.

BREAKING DOWN 'Admission Board'

The admission board's requirements for listed companies may include: the submission of two to three previous years' worth of financial statements, the issuance of a prospectus and the meeting or exceeding of minimum requirements for total market value, number of shares outstanding and share price. The board's guidelines and decisions must comply with securities regulations established by the government. An exchange's admission board generally consists of high-level executives such as CEOs, CFOs, directors, vice presidents and partners from a variety of major companies.

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RELATED FAQS
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    If a company has been delisted, it is no longer trading on a major exchange, but the owners of the company shares are not ... Read Full Answer >>
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    The over-the-counter bulletin board (OTCBB) is a regulated quotation service for over-the-counter (OTC) securities. The securities ... Read Full Answer >>
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    Generally, penny stocks are traded through the use of the Over the Counter Bulletin Board (OTCBB) and through pink sheets. ... Read Full Answer >>
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