SEC Form CB is used to report cross-border transactions and must be filed by both foreign and domestic persons engaged in the transaction.
Form CB, which is also known as the Tender Offer/Rights Offering Notification Form, is a requirement under the Securities Exchange Act of 1933.
This act, often referred to as the "truth in securities" law, requires that these registration forms, providing essential facts, are filed to disclose important information upon registration of a company's securities. This helps the SEC achieve the objectives of this act - requiring investors to receive significant information regarding securities offered and prohibiting fraud in the sale of the offered securities.
Investment dictionary. Academic. 2012.