Summary of Amendments
A.
Changes from the 1998 Proposals
B.
The Tier I Exemption
A.
- U.S. Ownership Limitation
II.A.1.
-
Disclosure and DisseminationForm CB
II.A.2.
Equal Treatment
II.A.3.
B. The Tier II Exemption
II.B.
Other Rules Governing Tender Offers
II.C.
Rule 14e5 (Former Rule 10b13)
II.C.1.
- Tier I Offers
II.C.1.a.
- Market Making by Connected Exempt Market Makers and Connected Exempt Principal Traders
II.C.1.b.
Exemption from the Securities Act for Exchange Offers, Business Combinations, and Rights Offerings
II.D.
SEC_CODE_REF_0090001192884
Eligibility Conditions
II.D.2.
Investment Companies
II.E.
Determination of U.S. Ownership
II.F.
- Definition of U.S. Holder
II.F.1.
- Exclusion of Holdings of More Than 10 Percent
II.F.2.
- Determination of Eligibility by Persons Other Than the Issuer
II.F.3.
Internet Disclosure
II.G.
- General Approach
II.G.1.
- Offshore Tender and Exchange Offers, Rights Offerings and Business Combinations on the Internet
II.G.2.
- U.S. Exempt Component
II.G.3.
- Domestic Issuers
II.G.4.
Effect on Competition/Exchange Act Section 23(a)
V.A.
Promotion of Efficiency, Competition
& Capital Formation
V.B.
Exemptive Authority Findings
V.C.
Delegated Authority
V.D.
