SEC Adherence
We constantly monitor SEC and international securities regulations to ensure the capital markets have the most compliant solutions.
SEC & Regulator Correspondence
NetRoadshow began working with the U.S. Securities & Exchange Commission (SEC) in early 1996 to gain permission to provide electronic roadshows under strict guidelines.
In July of 1997, NetRoadshow was the first to receive permission from the SEC, in the form of a SEC No-Action Letter, to provide digital roadshows over the internet.
In 2004 NetRoadshow began working closely with the SEC on revising the approach to electronic roadshows. The new regulations (Rule 433) became effective in December 2005. NetRoadshow also works with the London based Financial Conduct Authority (FCA), as well as industry officials in Hong Kong and Japan.
Links to SEC correspondence and rules that are applicable to our service are listed below:
Original “No-Action” Letter
First SEC “No-Action” Letter received for internet roadshows
September 8, 1997
QIB
SEC QIB Rule 144A Correspondence
January 30, 1998
SEC Securities Offering Reform
Securities Offering Reform Rule 433
July 19, 2005
Rule 17g-5
SEC Rule 17g-5
November 1, 2010
Municipal Securities Offerings
Municipal Securities Offerings “No-Action” Relief
January 29, 2013