Securities and Exchange Commission July 21, 2005 – Federal Register Recent Federal Regulation Documents

Advisory Committee on Smaller Public Companies
Document Number: E5-3900
Type: Notice
Date: 2005-07-21
Agency: Securities and Exchange Commission, Agencies and Commissions
Proposed Collection; Comment Request
Document Number: E5-3873
Type: Notice
Date: 2005-07-21
Agency: Securities and Exchange Commission, Agencies and Commissions
Proposed Collection; Comment Request
Document Number: E5-3872
Type: Notice
Date: 2005-07-21
Agency: Securities and Exchange Commission, Agencies and Commissions
05-14460
Document Number: 05-14460
Type: Notice
Date: 2005-07-21
Agency: Sunshine Act Meeting, Securities and Exchange Commission, Agencies and Commissions
Use of Form S-8, Form 8-K, and Form 20-F by Shell Companies
Document Number: 05-14311
Type: Rule
Date: 2005-07-21
Agency: Securities and Exchange Commission, Agencies and Commissions
The Securities and Exchange Commission is adopting rules and rule amendments relating to filings by reporting shell companies. We are defining a ``shell company'' as a registrant with no or nominal operations and either no or nominal assets, assets consisting solely of cash and cash equivalents, or assets consisting of any amount of cash and cash equivalents and nominal other assets. The rules and rule amendments prohibit the use of Form S-8 under the Securities Act of 1933 by shell companies. In addition, they require a shell company that is reporting an event that causes it to cease being a shell company to disclose the same type of information that it would be required to provide in registering a class of securities under the Securities Exchange Act of 1934. These provisions are intended to protect investors by deterring fraud and abuse in our securities markets through the use of reporting shell companies.