2 Good Reads

The staff of the SEC issued two useful publications this week. 

The first publication “Accessing the U.S. Capital Markets – A Brief Overview for Foreign Private Issuers” summarizes federal securities law and additional issues applicable to foreign private issuers wishing to access the U.S. capital markets. More specifically, the publication discusses the following matters: qualification as a foreign private issuer; registration and ongoing reporting obligations; exemptions from Securities Act registration (private and limited offerings, offshore sales and resales of restricted securities) and using American Depositary Receipts.

The second publication outlines the staff’s examination priorities for 2013.  Such publication first reveals issues that the staff has identified that span the entire market, including: fraud detection and prevention; corporate governance and enterprise risk management; conflicts of interest and technology controls.  In addition, the publication discusses priorities related to particular businesses, including: investment advisers and investment companies; broker-dealers; clearing and transfer agents and market oversight.   It should be noted that the priorities identified by the staff are not exhaustive, as the staff will conduct examinations in 2013 focused on risks, issues, and policy matters that are not set forth in the examination priorities publication.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s