Regulatory Alerts2026-08-26
Added
SEC MC No. 24, series of 2026 — Mandatory Use of the Online Application for Registration Statements (OARS)
Corporations must commence applications for registration statements through the Online Application for Registration Statements (OARS) web-based platform. The system covers Direct Public Offerings, Shelf Registrations, Follow-On Offerings, and Initial Public Offerings, excluding debt securities, and supports specific forms including SEC Form 12-1, SEC RENT, and SEC POWERS. Applications submitted via OARS are processed within forty days, a reduction from the previous forty-five-day period, and require an authorized representative to create a credentialed eSECURE account. Existing and pending applications continue to be processed under SEC MC No. 9, series of 2025, while the mandatory use applies to newly initiated applications immediately after publication.
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