SEC Expands Accommodations Related to Submission of Draft Registration Statements

The SEC’s Division of Corporation Finance has announced that it “is expanding the accommodations available for issuers that submit draft registration statements for nonpublic review.” Specifically, the accommodation enhancements are intended to “expand the types of forms eligible to be submitted as draft registration statements for nonpublic review and permit reporting companies to submit draft registration statements for nonpublic review regardless of how much time has passed since their initial public offering.”

The SEC believes that the expanded accommodations will “facilitate capital formation, without diminishing investor protection.”

For more information, see the press release on the SEC’s Web site.