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SEC staff updates C&DIs related to selling security holders

  • SEC (US Securities and Exchange Commission) Image

Jul 27, 2016

The staff in the SEC’s Division of Corporation Finance has updated its compliance and disclosure interpretations (C&DIs) related to Item 507 of Regulation S-K.

The updated guid­ance ad­dresses how a registrant can “satisfy the obligation in Item 507 of Regulation S-K to disclose the nature of any position, office, or other material relationship that the selling security holder has had within the past three years with the registrant or any of its predecessors or affiliates” if the selling security holder is not a natural person. For more in­for­ma­tion, see Ques­tion 140.02 of the C&DIs on the SEC’s Web site.

In addition, the guidance in Question 240.04 related to selling security holders has been withdrawn.

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