§16.8. Small issues.
12 C.F.R. § 16.8
The OCC will deem offers and sales of national bank or Federal savings association issued securities that satisfy the requirements of SEC Regulation A (17 CFR part 230, Regulation A—Conditional Small Issues Exemption) to be exempt from the registration and prospectus requirements of § 16.3 pursuant to § 16.5(d) of this part.
A filer should consult the SEC's Securities Act Industry Guide 3— Statistical Disclosure by Bank Holding Companies (17 CFR 229.801(c) and 231) and requirement 7 (Loans) of Rule 9-03 of SEC Regulation S-X (17 CFR 230.9-03) for guidance on appropriate disclosures when preparing offering documents to be filed with the OCC pursuant to Regulation A.
Notes, amendments, and revision history
Amendments
[59 FR 54798, Nov. 2, 1994, as amended at 82 FR 8108, Jan. 23, 2017]
Authority
Authority: 12 U.S.C. 1 et seq., 93a, 1462a, 1463, 1464, and 5412(b)(2)(B).
Source
Source: 59 FR 54798, Nov. 2, 1994, unless otherwise noted.
Amendments
[59 FR 54798, Nov. 2, 1994, as amended at 82 FR 8108, Jan. 23, 2017]