What Is Form F-6EF?
Form F-6EF is a filing with the Securities and Change Charge (SEC). This way is often referred to as the Registration for Depository Shares form. Form F-6EF is wanted for publicly-traded world firms who wish to have shares of their company business as American Depository Receipts (ADRs) on American stock markets. An ADR is a certificate issued by way of a U.S. depository monetary establishment that represents a specified number of shares of a world company’s stock. The ADR trades on U.S. stock markets as any house shares would.
Form F-6EF must include the issuer’s world determine, its determine translated into English, and the contact information for the U.S.-based depository issuing the ADRs.
Key Takeaways
- Form F-6EF is a filing that publicly-traded world firms must check in with the Securities and Change Charge (SEC) within the tournament that they wish to offer American Depositary Receipts (ADRs) issued by way of a depositary against the deposit of the securities presented by way of a world issuer.
- An ADR is a certificate issued by way of a U.S. depository monetary establishment that represents a specified number of shares of a world company’s stock; the ADR trades on U.S. stock markets as any house shares would.
- World firms steadily record their shares as ADRs throughout the U.S. so as to attract a greater breadth of investors and building up their status throughout the corporate international.
Who Can Document Form F-6EF?
SEC Form F-6EF is used to check in world publicly traded firms who wish to record shares of American Depository Receipts (ADRs) on U.S. exchanges. The “EF” designation signifies that this type, now not like the standard SEC Form F-6, is automatically super upon filing with the SEC, pursuant to Rule 466 of Phase 230, that is in an instant upon filing.
World firms steadily record their shares as ADRs throughout the U.S. so as to attract a greater breadth of investors and building up their status throughout the corporate international. American exchanges tend to be additional liquid than other international stock markets. With an ADR, a world company’s shares are effectively traded every throughout the U.S. and abroad.
Form F-6EF is with regards to identical to Form F-6, which moreover registers ADRs with the SEC. However, the “EF” in Form F-6EF designates that this type is “auto-effective” upon filing, that implies that the SEC considers the securities to be registered upon receipt.
Traditionally, the SEC Form F-6 is used to check in an ADR. However, a depositary request that previously has filed a registration statement on Form F-6 ( § 239.36) would most likely designate a date and time for a registration statement (along with post-effective amendments) on Form F-6 to change into super and such registration statement shall change into super in step with such designation. In line with the SEC, the filing could also be super in an instant (“EF”) if the following must haves are met:
- The depositary corporate up to now has filed a registration statement on Form F-6, which the SEC has already declared super, with an identical words of deposit, aside from for for the number of world securities a Depositary Share represents, and the depositary so certifies; and
- The designation of the super date and time is set forth on the facing-page of the registration statement, or in any pre-effective amendment thereto. A pre-effective amendment containing this type of designation appropriately made may also be deemed to have been filed with the consent of the SEC.
Learn to Document Form F-6EF
Companies must report Form F-6EF in an virtual construction right through the SEC’s Virtual Wisdom Gathering, Analysis and Retrieval (EDGAR) gadget. This permits investors, regulators, and any other occasions to in short and easily get admission to the ideas within the tournament that they so need it. Registration fees and filing fees follow.
You’ll be able to download Form F-6EF proper right here.
