In response to issuer questions, the Securities and Exchange Commission’s Division of Corporation Finance has issued answers to 14 questions related to transition matters under the Securities Offering Reform Rules that will take effect Dec. 1.
The reform measures, passed in late June, mark major changes to regulations dating back to the 1930s. The changes, which are expected to make the offering process faster and less expensive, cover three areas: communications related to registered securities offerings; timely delivery of information to investors without mandating unnecessary delays in the offering process; and improving the registration and other procedures in the offering and capital formation process.
