The Forum for US Securities Lawyers in London recently hosted a Roundtable discussion on August 14th regarding the July 10, 2013 JOBS Act amendments eliminating the prohibition on “general solicitation” and “general advertising” under Rule 506(c) of Regulation D and Rule 144A. For a summary document stemming from the Roundtable discussions, please click here. We hope you will find it of interest.

In addition, Daniel Winterfeldt and Ed Bibko, as co-chairs of the Forum for US Securities Lawyers in London, along with panellists Mark Bicknell from Bank of America Merrill Lynch and Rupert Walford from Deutsche Bank will be hosting a PLI briefing on the international implications of the JOBS Act amendments.

This panel discussion is taking place on 19 September from 5:00 – 6:00 p.m. (London time) – below are the full program details as published by PLI. You can join the call at (non-PLI members will need to register to participate).



International Implications of the JOBS Act Amendments Eliminating the Prohibition on General Solicitation and General Advertising Under Rule 506(c) of Regulation D and Rule 144A

September 19, 2013 5 – 6 GMT

Register now as experts lead a panel and discuss the SEC’s newly-adopted and amended rules under the Jumpstart Our Business Startups Act (the “JOBS Act”) that allow “general solicitation” and “general advertising” in private placements made in reliance on new Rule 506(c) under the US Securities Act of 1933 (the “Securities Act”) and Rule 144A under the Securities Act. In addition to providing an overview of the SEC Final Rules and the SEC Proposed Rules relating to Rule 506(c), the panel will discuss the international implications and market practice changes that may follow from these rule changes and amendments.

Daniel K. Winterfeldt, London-based Head of US Capital Markets at global firm CMS Cameron McKenna LLP and founder of the Forum for US Securities Lawyers in London , and Edward A. Bibko, Partner in Baker & McKenzie LLP’s International Capital Markets Group based in London and co-chair of the Forum for US Securities Lawyers in London will address:

The affect such rule changes may have on press-related activities and issuer representations in Purchase/Placing Agreements;

The interplay between amended Rule 144A and Regulation S in concurrent Rule 144A/Reg S offerings;

New Rule 506(c) and its Accredited Investor verification requirements; and

The implications of the Proposed Rules on new Rule 506(c).

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