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SIE: Capital Markets & Offerings
SIE practice questionmediumRegulation S - Offshore Offerings

A U.S. company is issuing securities only to investors outside the United States. Which regulation provides an exemption from SEC registration for this transaction?

  1. ARegulation S✓ Correct answer
  2. BRegulation D
  3. CRegulation T
  4. DRegulation U
Explanation

Why ARegulation S

Regulation S covers securities offerings outside the U.S. to foreign investors, exempt from SEC registration. Regulation D exempts private placements in the U.S.; Reg T/U regulate margins, not public offerings.

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