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NYSE to Require Foreign Private Issuers to File Semiannual Financial Statements on Form 6-K

By | February 22, 2016

The SEC has approved an NYSE rule change which will require foreign private issuers to file semiannual financial statements on Form 6-K. Foreign private issuers are not currently subject to any SEC rule that specifically requires the filing of interim financial information.

New Section 203.03 of the Listed Company Manual provides that each listed foreign private issuer must, at a minimum, submit to the SEC a Form 6-K that includes:

  • an interim balance sheet as of the end of its second fiscal quarter; and
  • a semi-annual income statement that covers its first two fiscal quarters.

The Form 6-K is required to be submitted no later than six months following the end of the company’s second fiscal quarter. The financial information included in the Form 6-K would be required to be presented in English, but would not be required to be reconciled to U.S. GAAP.

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