SEC Adopts Expedited Review Procedure for Exemptive Applications under the Investment Company Act

By | 08/31/2020 | 1:42 pm ET

On July 6, 2020, the SEC adopted amendments to rule 0-5 under the Investment Company Act of 1940 (“Act”) to make the process more efficient, transparent, and cost-effective. The amendments include: An expedited review procedure for routine applications An internal timeframe for review of other applications Establishing new rule 17 CFR 202.13: The internal time frame (for SEC staff) for applications excluding the ones submitted under expedited review is 90 days for initial filing and each of the first three amendments. For subsequent amendments, it is 60 days. Overview: The Commission adopted the changes based on the requests for exemption…

SEC Adopts Expedited Review Procedure for Exemptive Applications under the Investment Company Act
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Reg A+ Now Available For All Public Reporting Companies

By | 01/23/2019 | 7:07 pm ET

On December 19, 2018, the Securities and Exchange Commission (SEC) issued final rules that they will now allow public reporting companies to utilize Regulation A+ (Reg A+). Reg A+ creates a registration exemption for public offerings, based on two separate offering tiers. Tier 1 applies to offerings up to $20 million in a 12-month period, while Tier 2 applies to offerings up to $50 million in a 12-month period. The extension of Reg A+ had been signed into law since May 24, 2018, as part of the Economic Growth, Regulatory Relief, and Consumer Protection Act. However, the SEC did not adopt…

Reg A+ Now Available For All Public Reporting Companies
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