You could not sell a security without giving a prospectus to the potential buyers and the prospectus would be something approved by the SEC.
没有招股说明书就不可以,出售证券给潜在买家,而且招股书需要通过证交会审核
And the big decisions have to then be approved by the Queen.
然后,这些决议必须由女王批准。
And if you use these three agencies, then everyone would be approved by the regulators.
如果你使用这三个评级公司,每项贷款都能获政府通过。
If you are--this is a private investment company -let's think before we talk about hedge--think of -suppose you're a public investment company approved by the SEC.
如果你是...这是一种私募投资公司,...在我们讨论对冲基金之前大家想一想,...假设你有一家经证交会认证的公共券商
In 1875 there's an amendment to the Constitution that essentially- voted by one vote,or approved by one vote, by the Assembly--that essentially transforms France into a Republic.
875年有个宪法修正案,本质上--,它在一次议会投票表决中,得到了支持--本质上把法国变成了共和国
You'll find that those events as they get approved and start getting proposed by your classmates, they'll start appearing on the calendar as well in their respective categories.
你将会发现随着那些事情渐渐被认可,你的同学也开始推荐它们,它们也将开始在日历,和各自的分类中出现。
Then he observed, through time, after subjecting pigeons to this torture for some time -it might be not approved by--it's not really torture, it's like dieting or something, you've all lived through that, right?
随着时间流逝,他还观察,在这酷刑实施了一段时间后,也不能真的说是酷刑,其实有点像节食之类的,你们很多人也节食过,对吧
If you're a hedge fund, you're not for the public -you're not approved for investing by the public.
对冲基金并不面向公众,无法获得面向公众募资的权利
I don't know if the word is approved but it's--you have to run it by the SEC and then you always have to give that up.
不知道人们对此是否认同,但是你不得不按证交会的规则去办事,不断地提交这类文件
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