FINRA reminded broker dealers of rules that require firms to provide information upon request to any person that voices an interest in a transaction involving the securities of foreign private issuers.
Subject to certain conditions, the SEC Division of Corporation Finance granted exemptive relief to allow an Indian company to conduct a partial tender offer premised on its required compliance with an Indian law mandating a fixed ten working-day offer period for issuer tender offers.
Two former executives at Hungarian-based telecommunications company Magyar Telekom agreed to pay financial penalties in order to settle an SEC case alleging violations of the Foreign Corrupt Practices Act.
The SEC Division of Corporation Finance permitted Rowan Companies plc to file a definitive proxy statement without filing a preliminary proxy statement for certain routine matters requiring a shareholder vote at an annual meeting under the laws of England and Wales.
The SEC announced that the International Financial Reporting Standards Taxonomy is now available on the Commission's website. The new taxonomy allows foreign private issuers to submit their financial statements in eXtensible Business Reporting Language.
The SEC Division of Corporation Finance granted an exemption to an Israel-based corporation to allow it to extend the period of an issuer tender offer by four days. During this time, withdrawal rights will not be available to shareholders, as mandated by applicable Israeli law.
The SEC Division of Corporation Finance granted exemptive relief to a Chilean power corporation allowing it to conduct a tender offer with an arrangement to purchase shares subject to the requirements of local law.