Regulation M: What the Deal Team Needs to Know | Practical Law
This Practice Note gives an overview of Regulation M, focusing on the restrictions it places on underwriters, issuers, and selling securityholders, and affiliates of these parties, in certain securities offerings (Rule 101 and Rule 102). It explains Regulation M's provisions permitting Nasdaq passive market making and stabilization in securities offerings (Rule 103 and Rule 104). It also discusses the restrictions on short selling before certain public offerings (Rule 105).