SEC Updates Securities Act Rules and Regulation S-T Compliance and Disclosure Interpretations

The SEC updated its Compliance and Disclosure Interpretations ("C&DIs") for the Securities Act Rules and Regulation S-T.

In the Securities Act Rules C&DIs, the SEC added Question 279.01 regarding a clarification of Regulation S, Rule 905 ("Resale Limitations") with respect to resales of securities of (formerly) foreign private issuers.

In the Regulation S-T C&DIs, the SEC added Question 118.01 regarding whether an SEC filing may contain graphics including information that is not text-searchable.

See: Update to Securities Act Rules C&DIs; Update to Regulation S-T C&DIs.