SEC to alter issuer classification


The Securities and Exchange Commission is proposing changes to the registration, communications and offering processes under the Securities Act of 1933. The proposals are open for public discussion until the end of January next year and a compliance date for the new rule has been set for February 1, 2006.

The new proposals will result in new classes of issuers and greater flexibility for many corporate borrowers. The amount of flexibility granted to issuers under the proposed

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