27 Jun 2025
📈SEC Rule 237
Submission for OMB Review; Comment Request; Extension: Rule 237
Summary
The SEC has submitted a request for extension and approval concerning Rule 237, which allows Canadian-U.S. Participants to manage investments in Canadian retirement accounts without U.S. registration. The rule facilitates the offering and sale of foreign securities, requiring specific disclosures in offering documents to inform investors of the exemption from U.S. securities laws.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document discusses Rule 237, allowing Canadian-U.S. Participants to manage their Canadian retirement accounts without U.S. registration requirements, thus enabling new market opportunities for foreign issuers. The compliance requirement for additional disclosures impacts business practices for relevant entities.