SEC Revises Form D and Mandates Electronic Filing

February 28, 2008
The U.S. Securities and Exchange Commission (SEC) recently adopted amendments to Form D, the form issuers must file when making a private placement in the United States in reliance on Regulation D. These amendments, which revise the information requirements of Form D and mandate its electronic filing, do much to simplify, clarify and modernize the filing process. Issuers, however, should be aware of how changes in requirements, instructions and definitions may affect what information they must disclose and when. This article explains these changes and provides the timetable for electronic filing.