Enter to open, tab to navigate, enter to select
SEC Re-opens Comment Period on Proposed Regulation D, Form D and Rule 156 Amendments
Practical Law Legal Update 2-543-8405 (Approx. 3 pages)
SEC Re-opens Comment Period on Proposed Regulation D, Form D and Rule 156 Amendments
by Practical Law Corporate & Securities
| Published on 27 Sep 2013 • USA (National/Federal) |
The SEC re-opened the comment period on its July 10, 2013 proposed amendments to Regulation D, Form D and Rule 156.
On September 27, 2013, the SEC re-opened the comment period on its July 10, 2013 proposed amendments to Regulation D, Form D and Rule 156 under the Securities Act. Among other things, the amendments would:
- Require an issuer relying on Rule 506(c) to conduct a Regulation D offering using general solicitation to file an advance Form D at least 15 days before engaging in general solicitation.
- Disqualify issuers that fail to file a required Form D from relying on the Regulation D safe harbor for one year after all required filings are made.
The comment period will be open until November 4, 2013. Comment letters that have been submitted so far on these controversial proposed amendments are available on the SEC's website.
For more information on the proposed amendments, see Legal Update, SEC Proposes Rule Amendments to Evaluate the Rule 506 Market Once General Solicitation is Lifted and Practice Note, Section 4(a)(2) and Regulation D Private Placements: The SEC's Proposed Changes to Evaluate General Solicitation Amendments to Rule 506.