Title

SEC Staff to Limit Non-Public Initial Review Process for Non-U.S. Issuers
Client Newsflash

Created date

12/8/2011
The SEC staff has traditionally allowed non-U.S. issuers to file IPO or other first-time registration statements on a "draft" non-public basis, enabling them to avoid the scrutiny associated with a public EDGAR filing. The staff significantly limited this accommodation today.