The SEC granted no-action relief to a Maryland-based real estate investment trust. The relief allows the trust to repurchase shares from its shareholders.
The SEC Division of Corporation Finance Office of Mergers and Acquisitions granted no-action relief to an open-end management investment company from transactions that involve certain securities.
The SEC issued a concept release reviewing the framework for exempt offerings, particularly as to private placements. The agency is requesting public comment on ways to simplify, harmonize and improve that framework.
The SEC staff granted no-action relief to an Indian issuer, allowing it to conduct a partial tender offer in the United States in accordance with the requirements of Indian law.
The SEC staff provided no-action relief to a Canadian company, allowing it to conduct a tender offer in the United States in accordance with the requirements of Canadian law and exemptions granted from those requirements.