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What Are Unlisted Trading Privileges (UTP) ?
What Are Unlisted Trading Privileges (UTP) ?
Key Takeaways
• Unlisted trading privileges (UTP) refer to the processes around trading securities that do not
meet the requirements for listing on an exchange.
• In the U.S., regulation for unlisted trading is spelled out in the Unlisted Trading Privileges
Act of 1994, and amendment to the Securities Exchange Act of 1934.
• Unlisted shares include over-the-counter shares such as 'penny stocks,' or those of privately-
held companies.