Bank Securities Offerings Exempt Under Section 3(a)(2) | Practical Law

Bank Securities Offerings Exempt Under Section 3(a)(2) | Practical Law

An overview of the ability of banks to issue exempt securities under Section 3(a)(2) of the Securities Act of 1933. These securities do not need to be registered with the SEC and may be freely resold to the public without registration. This Practice Note discusses what entities are considered banks and what securities can be issued and sold under Section 3(a)(2), the application of Securities Act liability, special offering mechanics and documents and explains the basics of US banking regulation from a securities law perspective.

Bank Securities Offerings Exempt Under Section 3(a)(2)

Practical Law Practice Note 0-503-6503 (Approx. 9 pages)

Bank Securities Offerings Exempt Under Section 3(a)(2)

by Practical Law Corporate & Securities
Maintained • USA (National/Federal)
An overview of the ability of banks to issue exempt securities under Section 3(a)(2) of the Securities Act of 1933. These securities do not need to be registered with the SEC and may be freely resold to the public without registration. This Practice Note discusses what entities are considered banks and what securities can be issued and sold under Section 3(a)(2), the application of Securities Act liability, special offering mechanics and documents and explains the basics of US banking regulation from a securities law perspective.