Securities Offering Reform

Definition:

A set of SEC rules and forms promulgated after December 1, 2005, and which were intended to ease “unnecessary and outmoded restrictions” on securities offerings under the Securities Act. These rules, among other things, softened restrictions on permissible communications during the offering process, clarified certain definitions, and simplified registration in some circumstances. The category of Well-Known Seasoned Issuer (WKSI) was created to address concerns about overly cumbersome regulations.

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