exemption from registration
... exemption 豁免 exemption from registration 豁免登记 exit control point 出境管制站；出境关卡 ...
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如今，发行人可以选择提供什么样的筹资类型，以及通过什么方式豁免证券登记审批。
Issuers will now have a menu of options when deciding what type of offering they want to conduct and what exemption from securities registration they want to use.
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