On January 17, 2023, the annual NYSE Guidance Memo and NYSE American Guidance Memo (each, a “Guidance Memo” and collectively, the “Guidance Memos”) were released. The Guidance Memos highlighted policies significant and applicable to all NYSE-listed and NYSE American-listed companies. Policies mentioned included those related to: (i) the timely alert and material news policies, including
What’s the Deal? The Compendium. (2022 Update)
Well, What’s the Deal?
We updated our popular series and published a new compendium. It includes brief discussions in plain English on popular financing methodologies, securities law issues, and practice pointers. With over 170 pages of content, the compendium is available online now to print. See also the tab on the left.
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What’s the Deal? – Foreign Private Issuers
As the US capital markets are among the most liquid in the world, many foreign companies opt to go public in the United States. However, becoming a public company in the United States can be expensive and time-consuming. Registering as a foreign private issuer (“FPI”) allows foreign companies to access the US capital markets while
Preparing Your 20-F Filing
February 24, 2022 Webinar
12:00pm – 1:00pm EST
Register here.
In recent years, the SEC has continued to execute on its disclosure effectiveness initiative, which has its objective eliminating redundant and outdated disclosure requirements, as well as modernizing the requirements applicable to SEC-reporting companies. As a result, the SEC has adopted a number of
SEC Disclosures Issues and Developments for Foreign Private Issuers
January 11, 2022 | PLI Webinar
3:00pm – 4:00pm EST
Register here.
Mayer Brown partners, Brian Hirshberg and Christina Thomas, will discuss US Securities Exchange Commission (“SEC”) disclosures, issues and recent developments for foreign private issuers (“FPIs”) during this Practising Law Institute briefing. Key topics to be addressed, among others, include:
- Areas of focus
SEC Proposes New Rules on Share Repurchase Disclosure
On December 15, 2021, the US Securities and Exchange Commission (the “SEC”) issued proposed amendments to its existing rules regarding disclosures about purchases of an issuer’s equity securities by or on behalf of the issuer or an affiliated purchaser, commonly referred to as “buybacks.” The Proposed Amendments would apply to issuers that repurchase securities registered
NYSE Conforms Related Party Transaction Definition
On August 26, 2021, the US Securities and Exchange Commission (“SEC”) approved an amendment to Rule 314 of the NYSE Listed Company Manual in connection with the review and approval of related party transactions. As we previously blogged, earlier this year the NYSE amended certain of its shareholder approval rules, including those relating to
SEC Reporting Issues for Foreign Private Issuers: Bloomberg Tax Portfolio 5507-4th
Portfolio 5507 discusses the securities laws applicable to foreign private issuers that access the U.S. capital markets and the integrated disclosure system.
This most recent edition includes updates for foreign private issuers, and the financial intermediaries that work with foreign private issuers, in connection with public offerings and exempt offerings.
The portfolio has been updated
Preparing 2019 Registration Statements and Annual Reports: What Foreign Private Issuers And Their Counsel Need To Know
In this article published in The Review of Securities & Commodities Regulation, we discuss the implications of the SEC’s recent actions to modernize and simplify disclosure requirements applicable to foreign private issuers (“FPIs”).
See full article here.
Bipartisan Legislation to Strengthen Disclosure Requirements for Foreign Companies Listed on U.S. Exchanges
Recently, a bipartisan bill was introduced in Congress that would require that U.S. listed foreign companies provide U.S. regulators access to accounting records tied to audit reports.
The Ensuring Quality Information and Transparency for Abroad-Based Listings on our Exchanges Act, or the EQUITABLE Act, would prohibit the listing of the securities of foreign companies whose