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Regulation S-B Official Source
Item 502

Inside Front and Outside Back Cover Pages of Prospectus


The small business issuer must furnish the following information in plain English. See Rule 421(d) of Regulation C.

a. Table of contents. On either the inside front or outside back cover page of the prospectus, provide a reasonably detailed table of contents. It must show the page number of the various sections or subdivisions of the prospectus. Include a specific listing of the risk factors section required by Item 503 of this Regulation S-B. You must include the table of contents immediately following the cover page in any prospectus you deliver electronically;

b. Dealer prospectus delivery obligation. If applicable to your offering, on the outside back cover page of the prospectus, advise dealers of their prospectus delivery obligation, including the expiration date specified by Section 4(3) of the Securities Act and Rule 174 under such Act. You may use the following or other clear, plain language:

Dealer Prospectus Delivery Obligation
Until (insert date), all dealers that effect transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers' obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.


Regulatory History

57 FR 36460, Aug. 13, 1992
58 FR 19605, Apr. 15, 1993
60 FR 26613, May 17, 1995
61 FR 24652, 24654, May 15, 1996
62 FR 520, 542, Jan. 3, 1997
63 FR 6370, 6380, Feb. 6, 1998

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