# 17 C.F.R. § 230.146 (2026): Rules under section 18 of the Act

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_146

## Section

- **Citation:** 17 C.F.R. § 230.146 (2026)
- **Heading:** Rules under section 18 of the Act
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 17 CFR: Commodity and Securities Exchanges / Chapter II: SECURITIES AND EXCHANGE COMMISSION / Part 230: GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933 / § 230.146: § 230.146   Rules under section 18 of the Act.

## Text

(a)
Prepared by or on behalf of the issuer.
An offering document (as defined in Section 18(d)(1) of the Act [15 U.S.C. 77r(d)(1)]) is “prepared by or on behalf of the issuer” for purposes of Section 18 of the Act, if the issuer or an agent or representative:
(1) Authorizes the document's production, and
(2) Approves the document before its use.
(b)
Covered securities for purposes of Section 18.
(1) For purposes of Section 18(b) of the Act (15 U.S.C. 77r), the Commission finds that the following national securities exchanges, or segments or tiers thereof, have listing standards that are substantially similar to those of the New York Stock Exchange (“NYSE”), the NYSE American LLC (“NYSE American”), or the National Market System of the Nasdaq Stock Market (“Nasdaq/NGM”), and that securities listed, or authorized for listing, on such exchanges shall be deemed covered securities:
(i) Tier I of the NYSE Arca, Inc.;
(ii) Tier I of the NASDAQ PHLX LLC;
(iii) The Chicago Board Options Exchange, Incorporated;
(iv) Options listed on Nasdaq ISE, LLC;
(v) The Nasdaq Capital Market;
(vi) Tier I and Tier II of Bats BZX Exchange, Inc.; and
(vii) Investors Exchange LLC.
(2) The designation of securities in paragraphs (b)(1)(i) through (vii) of this section as covered securities is conditioned on such exchanges' listing standards (or segments or tiers thereof) continuing to be substantially similar to those of the NYSE, NYSE American, or Nasdaq/NGM.
[62 FR 24573, May 6, 1997, as amended at 63 FR 3035, Jan. 21, 1998; 69 FR 43298, July 20, 2004; 72 FR 20414, Apr. 24, 2007; 77 FR 3597, Jan. 25, 2012; 82 FR 50069, Oct. 30, 2017]

## Nearby sections

- [17 C.F.R. § 230.100 (2026) § 230.100   Definitions of terms used in the rules and regulations.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_100.md)
- [17 C.F.R. § 230.110 (2026) § 230.110   Business hours of the Commission.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_110.md)
- [17 C.F.R. § 230.111 (2026) § 230.111   Payment of filing fees.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_111.md)
- [17 C.F.R. § 230.120 (2026) § 230.120   Inspection of registration statements.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_120.md)
- [17 C.F.R. § 230.122 (2026) § 230.122   Non-disclosure of information obtained in the course of examinations and investigations.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_122.md)
- [17 C.F.R. § 230.130 (2026) § 230.130   Definition of “rules and regulations” as used in certain sections of the Act.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_130.md)
- [17 C.F.R. § 230.131 (2026) § 230.131   Definition of security issued under governmental obligations.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_131.md)
- [17 C.F.R. § 230.132 (2026) § 230.132   Definition of “common trust fund” as used in section 3(a)(2) of the Act.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_132.md)
- [17 C.F.R. § 230.133 (2026) § 230.133   Definition for purposes of section 5 of the Act, of “sale”, “offer”, “offer to sell”, and “offer for sale”.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_133.md)
- [17 C.F.R. § 230.134 (2026) § 230.134   Communications not deemed a prospectus.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_134.md)
- [17 C.F.R. § 230.134a (2026) § 230.134a   Options material not deemed a prospectus.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_134a.md)
- [17 C.F.R. § 230.134b (2026) § 230.134b   Statements of additional information.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_134b.md)
- [17 C.F.R. § 230.135 (2026) § 230.135   Notice of proposed registered offerings.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_135.md)
- [17 C.F.R. § 230.135a (2026) § 230.135a   Generic advertising.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_135a.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T17_P230_S230_146. Check the current official text before relying on it. Not legal advice.