Effective October 10, 2008, the Securities and Exchange Commission (“SEC”) amended rules under the Securities Exchange Act of 1934 (the “Exchange Act’) to reduce the burden upon foreign issuers seeking exemption under Rule 12g3-2(b) from registering a class of equity securities under Section 12(g) of the Exchange Act. The amendments enable foreign private issuers listed on a foreign exchange to automatically claim the exemption under specified conditions. The amendments also replace paper Rule 12g3-2(b) submissions with electronic posting of specified disclosure documents in English.

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