A confidential treatment order (CTO) is issued by the Securities and Exchange Commission (SEC) and allows a company to omit or withhold information that would originally be disclosed in SEC filings. The SEC issues CTOs in response to a company's request to withhold info, known as a confidential treatment request (CTR).
What is a confidential treatment order?
Jul 05, 2011 · A confidential treatment order (CTO) is an order that provides confidential treatment for certain documents and information that a company would otherwise have disclosed in filings with the...
When can a Registrant request confidential treatment for information?
Receiving a confidential treatment order means that a company can omit or withhold information from its SEC filings for a certain period of time. The company sets the expiry date for the CTO in its request. Obtaining a CTO for information contained in the documents that are required to be filed under the Securities Act and the Exchange Act exempts the information from disclosure …
What is a CT order?
ABOUT CONFIDENTIAL TREATMENT REQUESTS General What is a “confidential treatment request”? A “confidential treatment request” (“CTR”) is an application made by a registrant to the Securities and Exchange Commission (the “SEC”) requesting that certain information contained in a document required to
Are CTOs allowed to keep confidential information?
Jul 23, 2014 · An issuer filing a registration statement with the Securities and Exchange Commission (the “SEC”) that desires to keep certain information confidential and out of the public domain may do so under limited circumstances by filing an SEC request for confidential treatment. Generally, the SEC will not grant a confidential treatment request with respect to …
What is a confidential SEC filing?
The SEC will review draft initial registration statements intended to be filed under the Securities Act on a confidential basis provided that the issuer confirms in a cover letter that it will publicly file its registration statement and all confidential draft submissions at least 15 days prior to any road show or, in ...
How do I find my SEC ORDERs?
You can find confidential treatment orders using several types of searches:Latest Filings. To get only the latest CT ORDERs, enter "CT ORDER" in the Form Type field.Company Search. ... Full-Text Search. ... Historical Archives Search. ... EDGAR Daily Indexes and Quarterly Indexes.Aug 19, 2009
What is a SEC order?
SEC Order means the order issued by the SEC to the Borrower and various Affiliates dated September 7, 2001 (Release No. 35-27436; 70-9861), or an extension, renewal or replacement of such order in form and substance satisfactory to the Lenders. Sample 2. Sample 3.
How many Enforcement actions does the SEC take each year?
The agency filed 697 total enforcement actions in fiscal year 2021, including the 434 new actions, 120 actions against issuers who were delinquent in making required filings with the SEC, and 143 "follow-on" administrative proceedings seeking bars against individuals based on criminal convictions, civil injunctions, or ...Nov 18, 2021
What are confidential treatment requests?
Confidential treatment requests can be made pursuant to: 1 Rule 406 of the Securities Act of 1933, as amended (the “Securities Act”) or Rule 24b-2 of the Securities Exchange Act of 1934, (the “Exchange Act”), with respect to information required to be filed with the SEC such as a material agreement filed as an exhibit to a registration statement on Form S-1 or a periodic report; or 2 Rule 83 of the SEC’s Rules of Practice, with respect to information not required to be filed with the SEC such as supplemental information provided in the context of the comment and review process.
How long does a FOIA request last?
Any request granted under Rule 83 expires 10 years after the date it is granted unless it is renewed prior to its expiration.
What are the amendments to S-K?
Among other changes, the amendments allow companies to redact confidential information from most exhibits without filing a confidential treatment request (“CTR”), including omitting schedules and exhibits to exhibits. Likewise, the amendments allow a company to redact information that is both (i) not material, and (ii) competitively harmful if disclosed without the need for a confidential treatment request. The enacted amendment only applies to material agreement exhibits under Item 601 (b) (10) and not to other categories of exhibits, which would rarely contain competitively harmful information.
What is Rule 83?
Under Rule 83, the submitter of information must mark each page with “Confidential Treatment Requested by [name]” and an identifying number and code, such as a Bates-stamped number.
