Regulation S — Rules Governing Offers and Sales Made Outside the United States Without Registration Under the Securities Act of 1933: Rule 901 to Rule 905 (Includes Preliminary Notes to Regulation S) Rule 901 — General statement. Rule 902 — Definitions. Rule 903 — Offers or sales of securities by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing; conditions relating to specific securities. Rule 904 — Offshore resales. Rule 905 — Resale limitations.