Rule 3a12-11
  Exemption from Sections 8(a), 14(a), 14(b), and 14(c)
for Debt Securities Listed on a National Securities Exchange
a. Debt
securities that are listed for trading on a national securities exchange
shall be exempt from the restrictions on borrowing of
section
8(a) of the Act.
b. Debt
securities registered pursuant to the provisions of
section
12(b) of the Act shall be exempt from sections
14(a),
14(c) of the Act,
except that
Rule
14a-2(a),
Rule
14a-13,
Rule
14b-2,
Rule
14c-6 and
Rule 14c-7 shall continue
to apply.
c. For
purposes of this section, debt securities is defined to mean any
securities that are not "equity securities" as defined in
section 3(a)(11)
of the Act and Rule 3a11-1 thereunder.
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