Financial Regulatory Forum

The U.S. JOBS Act and non-U.S. companies: changes to the offering process and compliance challenges

May 8, 2012

By Robert Evans, Thomson Reuters Accelus contributing author

NEW YORK, May 8 (Thomson Reuters Accelus) – In April 2012, the U.S. securities laws changed significantly with the Jumpstart Our Business Startups Act, also known as the JOBS Act. The JOBS Act is deregulatory, easing some of the rules for companies seeking to access the U.S. capital markets. The offering process for SEC-registered IPOs is changing as a result and the U.S. Securities and Exchange Commission staff is working on further rule changes. Publicity restrictions will be eased for private placements and Rule 144A offerings. Offerings of up to $50 million will be exempted from registration. These changes pose interesting compliance challenges.

JOBS Act provision opens door to hedge fund advertising, trade group urges caution

April 9, 2012

By Emmanuel Olaoye

NEW YORK, April 9 (Thomson Reuters Accelus) – A little known provision of the new small-business capital JOBS Act opens the door to advertising by hedge funds, but an industry organization cautioned members that the advertisements must still comply with state laws and other regulations.

New Shanghai IPOs defy speculation restraints

July 30, 2009

By Lu Jianxin and Edmund Klamann
SHANGHAI, July 30 (Reuters) – Two eye-popping debuts on the Shanghai Stock Exchange this week, its first listings in nearly a year, defied recent reforms to curb speculation and suggest China could struggle to keep asset price bubbles under control.

Indonesia exchange eyes state, foreign firms for IPOs

July 21, 2009

    JAKARTA, July 21 (Reuters) – Indonesia Stock Exchange wants several foreign-owned natural resources firms and state-owned enterprises to list, in a bid to lift market capitalisation and liquidity and woo investors, the exchange head said on Tuesday.

China stock regulator resumes IPO approval reviews

July 10, 2009

   SHANGHAI, July 10 (Reuters) – The China Securities Regulatory Commission (CSRC) said on Friday it would restart its reviews for approving initial public offerings (IPO) next week, having suspended them since last September.

China unveils disclosure rules for second board IPOs

July 6, 2009

    SHANGHAI, July 6 (Reuters) – China published draft rules on information disclosure by companies aiming for an initial public offering on Shenzhen’s second board, as the country nears the launch of its own Nasdaq-style market to fund start-up firms.