SEC, FSA Publish FAQs Regarding New Disclosure Regimes
The Securities and Exchange Commission (SEC) and the United Kingdom’s Financial Services Authority (FSA) have posted answers to a series of frequently asked questions on their websites in order to clarify the new disclosure requirements under the SEC’s amended Emergency Order of 21 September and the FSA’s Short Selling (No 3) Instrument 2008 of 23 September.
See a Client Alert on the FSA document here.
These FAQ, while not constituting official statements by either agency, provide important clarification regarding the scope, definitions and commenting procedures.
