November 2000

The SEC's Division of Corporation Finance issued its fourth supplement to the Regulation FD telephone interpretation manual. Regulation FD governs how companies release corporate information. Topics covered in the release, which is in question-and-answer format, include whether an issuer can confirm selectively a forecast it had previously made to the public without triggering the rule's public reporting requirements, whether the rule creates a duty to update, and whether road show materials must be disclosed in connection with a public offering.