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Closed-End Fund Offering Reform: The Short-Form Registration Process  (Volume 53, Number 19–November 11, 2020)

Author:  Nathan Briggs.; Timothy Parrington.

Source: Volume 53, Number 19, November 1 2020 , pp.227-238(12)

Review of Securities & Commodities Regulation


The SEC has at last adopted final rules for reforming offering processes for closed-end funds. The authors discuss the new rules in detail, focusing on the short-form registration process and the new shareholder report disclosure. They conclude that the offering reform will make it more cost-efficient for closed-end funds to file and maintain effective shelf registration statements to conduct a variety of equity offerings without delay.

Keywords: Offering Environment; Short-Form N-2; Well-Known Seasoned Issuers (“WKSIs”)

Affiliations:  1: Ropes & Gray LLP; 2: Ropes & Gray LLP.

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