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Foreign SEC issuers may have to file electronically by year end

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10 Mar 2001

From a Speech by SEC Commissioner Isaac C.

Hunt, Jr.:

I believe we have fallen behind in the area of EDGAR. It has been almost five years since all filings by domestic public companies have been accessible through EDGAR, yet foreign issuers are still not required to file through EDGAR. Foreign issuers compete with domestic issuers to raise capital in our markets, their securities trade in our markets, and yet U.S. investors do not have the same access to material information filed by these issuers.... It is my hope that, by the end of this year, all Forms 3, 4, and 5 [insider securities sales], as well as all foreign issuer filings, will be filed through EDGAR and available on our website.

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