Rule 144A: Difference between revisions

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{{a|repack|}[[Rule 144A]] is an exemption to the requirement under the [[Securities Act]] to register any offering of securities. The exemption arises for private placements of securities (usually [[debt securities]] to “[[Qualified institutional buyer|Qualified Institutional Buyer]]s” — sophisticated institutional players, saucily referred to by one and all as “[[QIB]]s” — who are the US equivalent of [[Professional client|professional clients]] or [[Eligible counterparties - FCA Rulebook Term|eligible counterparties]] in the FCA’s argot.




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Revision as of 13:40, 6 October 2022

{{a|repack|}Rule 144A is an exemption to the requirement under the Securities Act to register any offering of securities. The exemption arises for private placements of securities (usually debt securities to “Qualified Institutional Buyers” — sophisticated institutional players, saucily referred to by one and all as “QIBs” — who are the US equivalent of professional clients or eligible counterparties in the FCA’s argot.