The SEC Division of Corporate Finance updated the Compliance and Disclosure Interpretations for beneficial ownership reporting to clarify on exemption in the Hart-Scott-Rodino Act.
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The American Investment Council urged FTC to withdraw its proposal to "comprehensive[ly] redesign" the premerger notification form. The Council argued that FTC lacks statutory authority to demand nearly all of the information that would be newly required.
The Managed Funds Association urged the FTC to withdraw its proposed amendments to "redesign" the premerger notification process.
In response to the FTC and DOJ's Request for Information on modernizing enforcement of the antitrust laws regarding mergers, industry groups raised concerns about incorporating the "common ownership hypothesis" into the guidelines and faulty built-in assumptions underlying mergers.
Two Japanese corporations agreed to settle FTC charges for violating the premerger notification and waiting period requirements under the Hart-Scott-Rodino Act.