SEC Proposes Amendments to Rule 163

The SEC proposes amendments to Rule 163(c) under the Securities Act of 1933 that would allow a well-known seasoned issuer to authorize an underwriter or dealer to act as its agent or representative in communicating about offerings of the issuer’s securities prior to the filing of a registration statement. The agency believe that the proposed amendments would further facilitate capital formation by well-known seasoned issuers by removing certain impediments to issuer communications with broader groups of potential investors regarding offerings of securities.

This entry was posted on Saturday, December 26th, 2009 at 7:08 pm and is filed under SEC News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.