Securities Industry Association: SEC-Approved Rule Changes Will Benefit Investors And Issuers - Modernized Rules Will Streamline, Improve Offering Process

The Securities Industry Association today termed the Securities and Exchange Commission’s adoption of final rules to update the registration, communications, and offering processes a “major milestone” toward ensuring that regulation keeps pace with changing market conditions and the demands of investors and issuers. In January of this year, SIA endorsed the proposed rules and urged their approval.

“The SEC’s action today marked a major milestone in modernizing the securities offering process,” said SIA President Marc E. Lackritz. “The commission realized the necessity of amending 70-year-old rules so that they reflect the realities of investing and capital raising in the 21st century. These changes will benefit investors and issuers by streamlining the offering process and providing companies with a more efficient way to access capital.”

The changes adopted by the SEC are vital to the liquidity, depth, and efficiency of the U.S. capital markets, Lackritz said. “By modernizing these rules, the commission has made an important contribution to maintaining the global preeminence of the U.S. capital markets.”