In general, LMDs are able to sell securities that are traded in “exempt markets” - which generally are associated with higher risks and under limited disclosure requirements compared to publically traded stocks or mutual funds, and are not generally reviewed by regulators, according to an email from the OSC's public inquiry office.
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The United States is not exempt. Low American interest rates mean bond markets haven't yet turned on us.
美国也未能幸免，我们尚未迎来低水平的美国利率。
Also, one manufacturer, SHS/Nutricia, Liverpool, England, markets an amino acid based exempt infant formula that does not contain any milk-derived ingredients.
英国飞利浦销售的氨基酸，取消了幼儿配方，因为不含任何牛奶的成分。
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