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SEC Adopts Amendments to Foreign Issuer Reporting Requirements

September 30, 2008 Full PDF

Last week, the SEC published final rules amending certain rules applicable to foreign private issuers under the U.S. Exchange Act . The amendments are part of the SEC's recent initiatives to modernize the reporting requirements under the Exchange Act in the wake of the ongoing globalization of securities markets, and aim to enhance disclosure provided by foreign private issuers in response to prior changes in filing requirements for U.S. domestic companies, changes in investor expectations and market practices, advances in technology, developments in foreign filing requirements and changes in other areas of SEC regulation.

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