February 26, 2016
The SEC’s Home Page Redesign: Less Color
For the 1st time since 2012, the SEC has redesigned its home page – and the home pages for each of the Divisions. The site’s underlying pages haven’t changed – including the important item of the URLs not changing (which would kill millions of links over the Internet if that happened). As noted in this blog, the redesign four years ago was the first since the SEC’s site was launched 20 years ago.
Overall, I like the redesign – it’s clean and simple, as the tabs with the dropdown menus have been kept. For what I can tell, the principal difference is that there is less color than the old home page. Personally, I’m not a big fan of moving pictures on home pages (usability principle: gratuitous graphics can distract users from critical content) – nor do I like “all caps” for the home page title & the tab captions (I’m a big plain English fan). But overall, it’s a winner…
By the way, I recently celebrated 15 years since I first launched a website – RealCorporateLawyer.com in 2001. Talk about simple…
NYSE to Require FPIs to File Semiannual Financials on Form 6-K
Here’s a blog by Steve Quinlivan:
The SEC has approved an NYSE rule change which will require foreign private issuers to file semiannual financial statements on Form 6-K. Foreign private issuers are not currently subject to any SEC rule that specifically requires the filing of interim financial information.
New Section 203.03 of the Listed Company Manual provides that each listed foreign private issuer must, at a minimum, submit to the SEC a Form 6-K that includes:
– an interim balance sheet as of the end of its second fiscal quarter; and
– a semi-annual income statement that covers its first two fiscal quarters.
The Form 6-K is required to be submitted no later than six months following the end of the company’s second fiscal quarter. The financial information included in the Form 6-K would be required to be presented in English, but would not be required to be reconciled to U.S. GAAP.
As noted in this Cooley blog, the deadline for filing a cert petition has been extended again in conflict minerals case…
Transcript: “Activist Profiles & Playbooks”
We have posted the transcript for the recent DealLawyers.com webcast: “Activist Profiles & Playbooks.”
– Broc Romanek