Debt Security Under Regulation ATS is a current Regulation ATS defined term. This guide preserves the rule-specific meaning and boundary instead of replacing it with informal market shorthand.
ReviewedEvidence1 sourceSectionPhrases & Idioms
Quick answer
Regulation ATS defines debt security broadly as a non-equity security and expressly includes non-participatory preferred stock.
Key details
Canonical FormDebt security
Core MeaningUnder 17 CFR § 242.300(d), debt security means any security other than an equity security as defined by the incorporated rule, and also includes non-participatory preferred stock.
Further guidance
History Boundary
This page reflects the current reviewed Regulation ATS definition and should be rechecked if 17 CFR § 242.300 changes.
Meaning
Under 17 CFR § 242.300(d), debt security means any security other than an equity security as defined by the incorporated rule, and also includes non-participatory preferred stock.
Usage Boundary
The definition is specific to Regulation ATS and should not be substituted for every statutory or market use of “debt security.”
Sources and evidence
Sources are shown with the role they play in this guide. Historical or style-sensitive claims are kept within the evidence boundary described above.
17 CFR § 242.300 — Definitions↗ (opens in a new tab)Legal Information Institute, Cornell Law School · Current e-CFR mirror of Regulation ATS definitions, including the operative definition of alternative trading system incorporated by Regulation NMS.
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