- Rule 12g3-2(b)
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USAA rule under the Exchange Act that exempts foreign private issuers from complying with the ongoing periodic filing requirements of the Exchange Act. To qualify for the exemption, a foreign private issuer must:• Be listed on a non-US exchange which qualifies as the foreign private issuer's primary trading market.• Not be subject to a current Exchange Act reporting requirement.• Promptly publish, in English, certain home country disclosure documents on its website.For more information on Rule 12g3-2(b), see Practice Note, Rule 12g3-2(b) Filing Exemption: Why and How to Qualify (www.practicallaw.com/3-384-8503).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.