All Good Things Must Come to an End: The SEC Limits Confidential Submissions by Foreign Private Issuers

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Eight-track players – gone.

Sony Betamax – gone.

Vinyl records – gone.

For foreign private issuers, the 6-month deadline for annual reports is gone, along with the ability to effect SEC filings in paper form. And now, also (mostly) gone is the ability to confidentially submit registration statements for review by the SEC.

On December 8, 2011, the SEC’s Division of Corporate Finance announced that it had revised its policies as to the ability of foreign private issuers to effect these confidential submissions.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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