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SEC Reproposes Rules To Facilitate Deregistration by Foreign Private Issuers
December 29, 2006 Full PDF
On December 22, 2006, the SEC reproposed amendments to the rules governing deregistration which, when effective, would allow foreign private issuers to terminate the registration of a class of equity securities under Section 12(g) of the Securities Exchange Act of 1934 (the "Exchange Act") and the corresponding duty to file reports under Section 13(a) of the Exchange Act, and to terminate reporting obligations regarding a class of equity or debt securities under Section 15(d) of the Exchange Act, in either case if that issuer meets a benchmark designed to measure relative U.S. market interest for that class of securities.