The Securities and Exchange Commission is seeking comment on proposed revisions to its rules governing cross-border mergers and acquisitions that would make it easier for U.S. investors to exercise their rights in foreign transactions.
The Commission wants to revise the rules, which were adopted in 1999, to expand the availability of the cross-border exemptions and to address conflicts and inconsistencies with foreign regulations and practice that often exclude U.S. investors from cross-border transactions.
