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Regulation FD Still On
SEC Denies Request for Extension of Effective Date
The SEC’s new Regulation FD, which is intended to prevent selective disclosures of inside information, is scheduled to go into effect on October 23, 2000.
Recently the National Investor Relations Institute requested an extension until December 29 of the regulation’s effective date.
On October 11, 2000 the SEC issued a brief letter reaffirming the original October 23, 2000 effectiveness date and reminding issuers of the staff’s availability to offer interpretive guidance, both before and after Regulation FD becomes effective.
The letter is available online at http://www.sec.gov/news/gofd.htm
Copyright 2000, John M. Baker, Esq., Stradley, Ronon, Stevens & Young, LLP, 1220 19th Street, N.W., Suite 700, Washington, DC 20036 – (202) 822-9611- Fax (202) 822-0140 This article was originally posted to the FundLaw List, http://www.egroups.com/group/fundlaw. To subscribe to FundLaw, send a blank e-mail to firstname.lastname@example.org
Nothing herein is intended as legal or financial advice. The law is different in different jurisdictions, and the facts of a particular matter can change the application of the law. Please consult an attorney or your financial advisor before acting upon the information contained in this article.
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