{"data":{"id":"us/17-cfr-230.905","jurisdiction":"us","citation":"17 CFR 230.905","heading":"Resale limitations.","body":"Equity securities of domestic issuers acquired from the issuer, a distributor, or any of their respective affiliates in a transaction subject to the conditions of § 230.901 or § 230.903 are deemed to be “restricted securities” as defined in § 230.144. Resales of any of such restricted securities by the offshore purchaser must be made in accordance with this Regulation S (§ 230.901 through § 230.905, and Preliminary Notes), the registration requirements of the Act or an exemption therefrom. Any “restricted securities,” as defined in § 230.144, that are equity securities of a domestic issuer will continue to be deemed to be restricted securities, notwithstanding that they were acquired in a resale transaction made pursuant to § 230.901 or § 230.904.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 230—GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"ab98193f1ac6706c8348eb2d67511c11918a857203347b196dfa21757b14c869","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-230.904","next":"us/17-cfr-230.1001"},"notice":"GroundRules: Original legal text. Not legal advice."}