What Is SEC Form F-6?
SEC Form F-6 is a document that firms must register with the Securities and Exchange Commission (SEC) if they wish to offer American Depositary Receipts (ADRs) issued by a depositary against the deposit of the securities offered by a foreign issuer. In short, Form F-6 lists shares of foreign securities on a U.S. exchange, including information such as the issuer of the receipt and the name of the foreign stocks it represents. It is important to recognize that the price and liquidity profiles deviate from an ADR's foreign counterpart, due to the fact that the two linked entities trade on separate exchanges.
Understanding SEC Form F-6
SEC Form F-6 is a provision under the Securities Act of 1933. It is often referred to as the "Truth in Securities" law because this form discloses essential facts about a company's securities in granular detail. In larger terms, this form is a tool used in the SEC's broader campaign to arm investors with more information and stamp out securities fraud.
How to File SEC Form F-6
Firms must file Form F-6 in an electronic format through the SEC's Electronic Data Gathering, Analysis and Retrieval (EDGAR) system. This enables investors, regulators, and any other interested parties to quickly and easily access the information if they so desire it. Registration fees and filing fees apply.