Portfolio 5507 discusses the securities laws applicable to foreign private issuers that access the U.S. capital markets and the integrated disclosure system.

This most recent edition includes updates for foreign private issuers, and the financial intermediaries that work with foreign private issuers, in connection with public offerings and exempt offerings.

The portfolio has been updated throughout for the various amendments undertaken by the Securities and Exchange Commission (the “SEC”) as part of its disclosure effectiveness initiative, which include various amendments to Regulation S-K that affect foreign issuer registration statements and Form 20-F.

We also discuss recent SEC amendments relating to evaluating the significance from an accounting perspective of a proposed or completed acquisition, and the financial statement and pro forma requirements relating to acquired businesses.

The update also discusses amendments to the requirements relating to financial instruments that are guaranteed and for guarantor financial information.

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