16.8—Small issues.
(a)
The OCC will deem offers and sales of bank issued securities that satisfy the requirements of Commission Regulation A ( 17 CFR part 230, Regulation A—Conditional Small Issues Exemption) to be exempt from the registration and prospectus requirements of § 16.3 pursuant to § 16.5(d) of this part.
(b)
A filer should consult the Commission's Securities Act Industry Guide 3—Statistical Disclosure by Bank Holding Companies ( 17 CFR 229.801(c) and ) and requirement 7 (Loans) of Rule 9-03 of Commission Regulation S-X ( 17 CFR 230.9-03) for guidance on appropriate disclosures when preparing offering documents to be filed with the OCC pursuant to Regulation A.