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Technology Stocks : uniView Technologies - UVEW -- Ignore unavailable to you. Want to Upgrade?

To: Jon Scott who wrote (6764)	2/19/1998 2:52:00 PM
From: Chavez6	Read Replies (2) \| Respond to of 6895

Reg S info, new rules. Any comments The Securities and Exchange Commission has issued a release adopting amendments to Regulation S designed to curb abuses that have occurred under that rule with respect to equity securities of domestic issuers. As a result of these amendments, equity securities of U.S. issuers that are sold offshore under Regulation S will be classified as "restricted securities" within the meaning of Rule 144 under the Securities Act of 1933. The restricted period, which has been renamed the "distribution compliance period," applicable to these equity securities has been lengthened from 40 days to one year. The Commission is adopting amendments that will affect the reporting requirements applicable to these transactions, as well as other amendments that should prevent further abuses of Regulation S. FOR FURTHER INFORMATION, CONTACT: Felicia H. Kung, Division of Corporation Finance, at (202) 942-2990. (Rel. 33-7505; 34-39668) sec.gov