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General Rules and Regulations, Securities Act of 1933

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Information about this document as published in the Federal Register.

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Start Preamble

CFR Correction

In Title 17 of the Code of Federal Regulations, Parts 200 to 239, revised as of April 1, 2010, on page 686, in § 230.501, following paragraph (e)(3), reinstate the Note to paragraph (e) to read as follows:

Definitions and terms used in Regulation D.
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(e) * * *

NOTE: The issuer must satisfy all the other provisions of Regulation D for all purchasers whether or not they are included in calculating the number of purchasers. Clients of an investment adviser or customers of a broker or dealer shall be considered the “purchasers” under Regulation D regardless of the amount of discretion given to the investment adviser or broker or dealer to act on behalf of the client or customer.

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End Preamble

[FR Doc. 2011-6830 Filed 3-21-11; 8:45 am]

BILLING CODE 1505-01-D