Code of Federal Regulations (alpha)

CFR /  Title 17  /  Part 242  /  Sec. 242.503 Certain foreign research reports.

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 Sec. 240.15a-6(a)(2) of this chapter shall be exempt from the requirements of this regulation.