📈SEC Amends Rules of Practice for Registration Statements
Commission's Rules of Practice
Summary
The Securities and Exchange Commission ("Commission") is amending its Rules of Practice relating to procedures governing Commission review of staff actions made pursuant to delegated authority in connection with the determination of the effective dates of registration statements and post-effective amendments and the determination of the dates and times of qualification of an offering statement and post-qualification amendments under Regulation A.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The amendment to Rule 431 introduces significant business implications as it impacts the procedures governing the effectiveness of registration statements and offering statements, removing the automatic stay of actions taken by delegated authority. This allows issuers to proceed with capital raises without interruptions or delays, enhancing clarity and efficiency in accessing capital markets.