On December 8, the staff of the Securities and Exchange Commission’s Division of Corporation Finance announced that it will limit the circumstances in which it will review initial registrations statements of foreign private issuers that are submitted to the staff on a non-public basis.

On December 8, the staff of the Securities and Exchange Commission’s Division of Corporation Finance announced that it will limit the circumstances in which it will review initial registrations statements of foreign private issuers that are submitted to the staff on a non-public basis. Historically, the staff afforded foreign private issuers and foreign governments the ability to submit initial registration statements and amendments for review on a non-public basis, rather than requiring the issuer to file the registration statement via the EDGAR system.