On March 3, 2025, the Securities and Exchange Commission (the “Commission”) announced updates to its confidential submission process for draft registration statements, broadening the scope of issuers eligible for non-public review to facilitate capital formation, without diminishing investor protection. This comes on the heels of the Commission’s Acting Chair Mark Uyeda’s speech last month before the Florida Bar where he indicated his intention to better facilitate capital formation.
Source: SEC Expands Confidential Review Process for Draft Registration Statements