SEC Adopts New Rules to Replace Use of Credit Ratings in Determining Eligibility for Forms S-3 and F-3

August 17, 2011
Effective September 2, 2011, the Securities and Exchange Commission will remove credit ratings as eligibility criteria for registration statements on Forms S-3 and F-3 and replace them with new eligibility requirements, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. This update examines the revised rules and their implications for issuers.