A foreign person, located outside the United States and not associated with a
registered broker or dealer, who prepares a research report concerning a foreign
security and provides it to a U.S. person in the United States in accordance with
the provisions of Rule 15a-6(a)(2)
under the Securities Exchange Act of 1934 shall be exempt from the requirements
of this regulation.
Notice to Users: The Deskbook is made available
with the understanding that the University of Cincinnati College
of Law is not engaged in rendering legal, accounting or other professional
services. If legal advice or other expert assistance is required,
the services of a competent professional person should be sought. See Terms and Conditions of Use.
