WKSIs and Seasoned Issuers


This practice note discusses well-known seasoned issuers (WKSIs) and seasoned issuers. In adopting reforms to the securities offering process in 2005, the U.S. Securities and Exchange Commission (SEC) created different categories of issuers, including WKSIs. An issuer classified as one of these categories, particularly a WKSI, enjoys significant advantages in offering its securities under the Securities Act of 1933, as amended (Securities Act). This practice note discusses the criteria for being classified as a WKSI or seasoned issuer, as well as the advantages of being one.