SIE practice questionmediumRegulation S
Which best describes a Regulation S offering?
- AA mutual fund registration
- BA U.S. company sells securities outside the U.S. to non-U.S. residents✓ Correct answer
- CA municipal bond offering
- DA sale of securities on a U.S. exchange
Explanation
Why B — A U.S. company sells securities outside the U.S. to non-U.S. residents
Reg S allows U.S. issuers to place securities abroad with non-U.S. persons. It's not for mutual funds, municipals, or U.S. exchange sales.
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