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| | Final Rule: International Disclosure Standards |
 | | We support international initiatives that raise the level and quality of information available to investors, facilitate the cross-border flow of capital and reduce the regulatory burdens on foreign issuers, if those initiatives do so in a manner that is consistent with our mandate to protect investors. |
 | | As we explained in the Proposing Release, we are eliminating Rule 3-19 of Regulation S-X, which specifies the content, age and other requirements for foreign issuer financial statements, because the requirements of the rule are addressed in new Item 8 of Form 20-F. The only substantive change relates to the permitted age of financial statements. |
 | | The amendments to the Commission's rules and forms are adopted pursuant to Sections 2(b), 5, 6, 7, 10 and 19(a) of the Securities Act of 1933 as amended, Sections 3, 12, 13, 15 and 23 of the Securities Exchange Act of 1934, and Section 319 of the Trust Indenture Act of 1939. |
| www.sec.gov /rules/final/34-41936.htm (15879 words) |
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