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SEC

RIN: 3235-AK04

Publication ID: Fall 2008

Title: Amendments to Rules Under Exchange Act Section 12(g) Relating to Foreign Private Issuers
Abstract: The Commission adopted amendments to the rule that exempts foreign private issuers from having to register a class of equity securities under section 12(g) of the Exchange Act based on the submission to the Commission of certain information published outside the United States. The amendments eliminate paper submission requirements by automatically granting the exemption under Exchange Act Rule 12g3-2(b) to a foreign private issuer that meets specified conditions, which do not depend on a count of the issuer's U.S. security holders, but which would require the issuer to publish electronically specified non-U.S. disclosure documents in English. As a result, the amendments should make it easier for U.S. investors to gain access to a foreign private issuer's material non-U.S. disclosure documents and make better informed decisions regarding whether to invest in that issuer's securities.
Agency: Securities and Exchange Commission(SEC)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 17 CFR 240.12g3-2(b)
Legal Authority: 15 USC 77g 15 USC 78c 15 USC 78l

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	02/25/2008	73 FR 10592
NPRM Comment Period End	04/25/2008
Final Action	09/10/2008	73 FR 25752
Final Action Effective	10/10/2008

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: www.sec.gov/rules/final/2008/34-58465.pdf
RIN Data Printed in the FR: No
Agency Contact: Elliot Staffin Division of Corporation Finance Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-3243 Email: staffine@sec.gov