New SEC disclosures for shell companies

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02 Jul 2005

The US Securities and Exchange Commission has adopted regulations aimed at regulations deterring fraud and abuse in the securities markets through the use of shell companies.

Special rules require foreign private issuer shell companies to report transactions that cause them to cease being shell companies on Form 20-F, providing disclosure comparable to that which domestic companies will report on Form 8-K. Click for (PDF 57k).

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