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ARTICLE · 22 MAY 2012

Corporate And Financial Weekly Digest - May 18, 2012

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Effective May 14, the Division of Corporation Finance of the Securities and Exchange Commission has implemented a secure e-mail system that allows it to receive confidential submissions from "emerging growth companies" (EGCs) under the Jumpstart Our Business Startups Act (JOBS Act), as well as from certain foreign private issuers under the Division of Corporation Finance’s pre-existing policy that permits such issuers to submit draft registration statements to the SEC for non-public review.

United StatesFinance and Banking
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Edited by Robert L. Kohl and David A. Pentlow

SEC/CORPORATE

SEC Implements Secure E-mail System for Confidential Submissions

Effective May 14, the Division of Corporation Finance of the Securities and Exchange Commission has implemented a secure e-mail system that allows it to receive confidential submissions from "emerging growth companies" (EGCs) under the Jumpstart Our Business Startups Act (JOBS Act), as well as from certain foreign private issuers under the Division of Corporation Finance's pre-existing policy that permits such issuers to submit draft registration statements to the SEC for non-public review. According to the SEC, the new system, which is mandatory for such submissions, will allow companies and the Division of Corporation Finance to correspond securely regarding draft registration statements.

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