Law Blog Tag: regulation a offerings

More On Regulation A/A+; Thoughts On The Practical Effects And New SEC Guidance

OTC Markets Amends Listing Standards For OTCQB To Include Regulation A+ Issuers

SEC Has Published Final Rules Adopting Regulation A+

Understanding The NSMIA And Navigating State Blue Sky Laws- Part II

Regulation A and Rule 504

December 07, 2009 in Regulation A

Section 3(b) of the Securities Act gives the SEC authority to exempt from registration certain offerings where the securities to be offered involve relatively small dollar amounts. Under this provision, the SEC has adopted Regulation A, a conditional ex-emption for certain public offerings not exceeding $5 million in any 12-month period. An offering statement (consisting of a notification, offering circular, and exhibits) must be filed with the SEC Regional Office in the region where the company’s principal business activities are conducted. Although Regulation A is technically an exemption from the registration requirements of the Securities Act, it is often referred to as a “short form” of registration since the offering circular (similar in content to a prospectus) must be sup-plied to each purchaser and the securities issued are freely tradeable in an aftermarket.