Legislative Restrictions on Selling Debt Securities -
What are the main restrictions on offering and selling debt securities in your jurisdiction?
Main restrictions on offering and selling debt securities -
Offerings of debt securities must either be registered with the Securities and Exchange Commission (SEC) (www.sec.gov) under section 5 of the Securities Exchange Act of 1933, as amended (15 USC 77a et seq) (Securities Act), or qualify for an applicable exemption from registration. Exemptions from registration include those under:
..Rule 144A under the Securities Act (Rule 144A)
..Regulation S under the Securities Act (Regulation S).
..Section 3(a)(2) of the Securities Act (section 3(a)(2))(see question 3.)
Originally published in Capital Markets Multi-Jurisdictional Guide 2014.
Please see full alert below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.