SEC’s New Restrictions on Policy of Reviewing Foreign Issuer Registration Statements

On December 9, 2011, Cravath prepared for its clients a memo entitled “SEC Staff Announces New Restrictions on Its Policy of Reviewing Foreign Issuer Registration Statements on a Non-Public Basis.” This memo summarizes the SEC announcement, which significantly narrows the availability of confidential review of draft registration statements for initial public offerings and initial listings of foreign issuers.

Please click here to read the memo.