From October 1, all companies making public issues in the US (including those from outside the US) have had to ensure that their registration statements are written in plain English.
This requirement is contained in a Securities & Exchange Commission (SEC) staff legal bulletin published in January. The bulletin says companies must write the forepart of their registration statements in plain English, and the remaining portions in a clear, understandable manner, and design them to look visually inviting and easy to read.
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