Αποτελέσματα Αναζήτησης
The Securities and Exchange Commission adopted amendments to Rule 105 of Regulation M to further safeguard the integrity of the capital raising process and protect issuers from manipulative activity that can reduce issuers' offering proceeds and dilute security holder value.
Rule 100 sets forth the definitions of certain terms used in Regulation M. Rules 101 and 102 regulate bids for and purchases of the offered securities and certain other covered securities. More specifically: Rule 101 regulates bids and purchases by distribution participants.
Under the Final Rules, the existing Investment Grade Exceptions in Rules 101 and 102 of Regulation M will be removed and replaced by new exceptions that employ alternative standards of creditworthiness, depending on the type of security in the distribution.
3 Μαρ 2023 · This client alert reviews the basics of Rule 105; describes the facts in the two recent cases; and discusses how a fund manager can tailor its policies and procedures to avoid Rule 105 compliance problems. Background. Rule 105 is an anti-fraud provision contained in Regulation M under the Securities Exchange Act.
Amended Rule 105 of Regulation M: Important Information for Persons Seeking Allocations of Public Offering Securities.
Topic: Compliance issues related to Rule 105 of Regulation M, which governs short selling prior to pricing of certain offerings. Key Takeaways: Investment advisers, investment companies, and broker-dealers should review their compliance programs to promote compliance with Rule 105 of Regulation M.
15 Ιουν 2023 · The SEC is replacing the exception in Rules 101 and 102 for investment grade rated asset-backed securities with an exception for asset-backed securities that are offered pursuant to an effective shelf registration statement filed on Form SF-3. The new exceptions will be set forth in Rules 101 (c) (2) (ii) and 102 (d) (2) (ii) of Regulation M.
