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In Security Level authorization, RDC allows you to authorize at the security level when creating a new security when the New Security Authorization field is set as Yes and new securities have to be authorized prior to being released (achieves a complete release status). A security level authorization is a single, security level authorization and it is not tied to a specific field. When this option is enabled, the system generates the following actions when creating a new security: A pending new security authorization is created and the security authorization status is set to pending authorization until approval. The new security pending authorization can then be authorized by a different user after looking at the security details (like any current field level authorizations.)
Security Level Authorizations in Reference Data Center