• SEC Proposes Amendments to Foreign Issuer Reporting Requirement
  • February 29, 2008 | Authors: Mark S. Bergman; Andrew J. Foley; Edwin S. Maynard; Makoto Nishigai
  • Law Firms: Paul, Weiss, Rifkind, Wharton & Garrison LLP - London Office ; Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office
  • On February 13, 2008, the SEC proposed amendments to the filing requirements applicable to foreign private issuers under the U.S. Securities Exchange Act of 1934 (the"Exchange Act"). The proposed rule changes 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 changes in filing requirements for U.S. domestic companies, changes in investor expectations and market practices, improvement of technologies, developments in foreign filing requirements, and changes in other areas of SEC regulation.