Code of Federal Regulations · Section
§ 230.161 — Amendments To Rules And Regulations Governing Exemptions
17 C.F.R. § 230.161
The rules and regulations governing the exemption of securities under section 3(b) of the Act, as in effect at the time the securities are first bona fide offered to the public in conformity therewith, shall continue to govern the exemption of such securities notwithstanding the subsequent amendment of such rules and regulations. This section shall not apply, however, to any new offering of such securities by an issuer or underwriter after the effective date of any such amendment, nor shall it apply to any offering after January 1, 1959, of securities by an issuer or underwriter pursuant to Regulation D or pursuant to Regulation A as in effect at any time prior to July 23, 1956.
Authorizing Statute
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Prohibitions relating to interstate commerce and the mails15 U.S.C. § 77e
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Registration of securities15 U.S.C. § 77f
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Special powers of Commission15 U.S.C. § 77s