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Regulation AC 17CFR242_505
Rule 505

Exclusion for News Media


No provision of this Regulation AC shall apply to any person who:

a. Is the publisher of any bona fide newspaper, news magazine or business or financial publication of general and regular circulation; and

b. Is not registered or required to be registered with the Commission as a broker or dealer or investment adviser.


Regulatory History

SEC Release 33-8193:  68 FR 9482, 9493, Feb. 27, 2003 

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