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Rule 12g3-2(b)
Practical Law Glossary Item 5-385-1561 (Approx. 2 pages)
Glossary
Rule 12g3-2(b)
A rule under the Exchange Act that exempts certain foreign private issuers from having to register a class of equity securities under the Exchange Act and, as a result, from compliance with the ongoing periodic filing requirements of the Exchange Act. To qualify for the exemption, a foreign private issuer must:
- Be listed on a non-US securities exchange which qualifies as the foreign private issuer's primary trading market.
- Not be subject to a current Exchange Act reporting requirement.
- Promptly publish, in English, certain home country disclosure documents on its website.
For more information on Rule 12g3-2(b), see Practice Note, Rule 12g3-2(b) Filing Exemption: Why and How to Qualify and Claiming the Rule 12g3-2(b) Filing Exemption Checklist.