Effective date for omitting the US GAAP reconciliation

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15 Jan 2008

On 21 December 2007 the US SEC issued its final rule (Release 33-8879) on Eliminating the IFRS Reconciliation to US GAAP.

This rule will become effective on 4 March 2008. Until the effective date, companies are subject to the existing rules regarding the inclusion of US GAAP reconciliation. However, the SEC staff is aware that some foreign private issuers with a fiscal year ending after 15 November 2007 that use IFRSs will want to file their annual report on Form 20-F before 4 March 2008 but also will want to omit US GAAP reconciliation. Because the SEC staff does not want to discourage companies from filing their 20-F before 4 March 2008, these companies are invited to contact the SEC staff to discuss their particular facts or circumstances. Click for SEC Announcement (PDF 34k).


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.