Rule 12g3-2(b) Filing Exemption: Why and How to Qualify | Practical Law
This Practice Note explains how a foreign private issuer (non-US company) can qualify for the Rule 12g3-2(b) exemption from the registration and periodic filing requirements of the Securities Exchange Act of 1934. The Note also discusses why a foreign private issuer would use this exemption, what non-US disclosure information is required to be electronically published, and the potential problem of unsponsored American Depositary Receipt programs.