WASHINGTON, May 26 -- Securities And Exchange Commission has issued a proposed rule called: Registered Offering Reform.
The proposed rule was published in the Federal Register on May 26 by Vanessa A. Countryman, Secretary.
Summary: The Securities and Exchange Commission ("Commission") is proposing amendments that are intended to facilitate capital formation in the public securities markets. Specifically, the proposed amendments would make Form S-3 and the ability to conduct shelf offerings available to significantly more issuers, extend certain benefits currently reserved for "well-known seasoned issuers" to a broader set of issuers, and modernize Form S-1 by expanding the ability to incorporate information by reference into that form. Th...