§ 242.503. Certain foreign research reports.
57 words·~1 min read·
/us/cfr/t17/s§ 242.503·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A foreign person, located outside the United States and not associated with a registered broker or dealer, who prepares a research report concerning a foreign security and provides it to a U.S. person in the United States in accordance with the provisions of § 240.15a-6(a)(2) of this chapter shall be exempt from the requirements of this regulation.