New Disclosure Rules Proposed For Foreign Cos.

Law360 (February 14, 2008, 12:00 AM EST) -- The U.S. Securities and Exchange Commission proposed a rule change Wednesday that would accelerate the annual reporting deadline for foreign private issuers that are publicly listed in the United States.

At the same time, the SEC also proposed a rule change that would allow U.S. investors to more easily access the disclosure documents of foreign companies that are exempt from U.S. regulation.

“Some of today’s rule proposals should be viewed as the latest in a series of recent commission initiatives to modernize our exchange act rules...
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