§ 240.12h-5 - Exemption for subsidiary issuers of guaranteed securities and subsidiary guarantors.

§ 240.12h-5 Exemption for subsidiary issuers of guaranteed securities and subsidiary guarantors.

Cross Reference

Link to an amendment published at 85 FR 22006, Apr. 20, 2020.

(a)

Any issuer of a guaranteed security, or guarantor of a security, that is permitted to omit financial statements by § 210.3-10 (Rule 3-10 of Regulation S-X) of this chapter is exempt from the requirements of

Section 13(a) or

15

(d) of the Act (15

U.S.C. 78m(a)

or 78o(d)).

(b) Any issuer of a guaranteed security, or guarantor of a security, that would be permitted to omit financial statements by § 210.3-10 of Regulation S-X of this chapter, but is required to file financial statements in accordance with the operation of § 210.3-10(g) of Regulation S-X of this chapter, is exempt from the requirements of Section 13(a) or 15(d) of the Act (15 U.S.C. 78m(a) or 78o(d)).

[65 FR 51711, Aug. 24, 2000

(Section 13(a) of the Act) or 78o(d) (Section 15(d) of the Act).

[85 FR 22006, Apr. 20, 2020]