SEC Changes Notice Procedure for Granted Confidential Treatment Requests | Practical Law

SEC Changes Notice Procedure for Granted Confidential Treatment Requests | Practical Law

The SEC's Division of Corporation Finance will now notify issuers only on EDGAR when an application for confidential treatment is granted without comment.

SEC Changes Notice Procedure for Granted Confidential Treatment Requests

Practical Law Legal Update 5-565-6166 (Approx. 3 pages)

SEC Changes Notice Procedure for Granted Confidential Treatment Requests

by Practical Law Corporate & Securities
Published on 21 Apr 2014 • USA (National/Federal)
The SEC's Division of Corporation Finance will now notify issuers only on EDGAR when an application for confidential treatment is granted without comment.
On April 9, 2014, the SEC's Division of Corporation Finance announced a change to its notification procedures relating to issuer applications for confidential treatment that are granted without comment. Companies filing public disclosure documents with the SEC can apply to the Division for confidential treatment of certain information required to be filed.
The Division had generally informed all applicants of the disposition of their applications in writing or by telephone, in addition to posting an order publicly via EDGAR granting or denying the application. As of April 9, the Division will no longer separately notify an applicant of the disposition of its application if the Division grants the application without comment. The Division will continue to post orders through EDGAR. Applicants can determine if an application was granted without comment only by reviewing the company's filing history on EDGAR.
The Division will continue to:
  • Provide comments on applications orally or in writing.
  • Advise applicants in writing if it determines it will deny an application.
To learn more about confidential treatment requests, see Criteria for SEC Granting A Confidential Treatment Request: Chart.