{"data":{"id":"us/17-cfr-242.503","jurisdiction":"us","citation":"17 CFR 242.503","heading":"Certain foreign research reports.","body":"A foreign person, located outside the United States and not associated with a registered broker or dealer, who prepares a research report concerning a foreign security and provides it to a U.S. person in the United States in accordance with the provisions of § 240.15a-6(a)(2) of this chapter shall be exempt from the requirements of this regulation.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 242—REGULATIONS M, SHO, ATS, AC, NMS, SE, AND SBSR, AND CUSTOMER MARGIN REQUIREMENTS FOR SECURITY FUTURES"],"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":"ab1eb81ee5f7fb50e26336ab6a52556fe57926d9cd4d2c6a2bb38afd4a55f431","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-242.502","next":"us/17-cfr-242.504"},"notice":"GroundRules: Original legal text. Not legal advice."}