"SEC’s Division of Corporation Finance Clarifies Regulation FD"

In August 2009 the staff of the Division of Corporation Finance of the Securities and Exchange Commission (“SEC”) issued Compliance and Disclosure Interpretations (“CDIs”) regarding Regulation FD. Although these CDIs are not rules, regulations or statements of the SEC, and therefore should not be relied on as definitive, they provide useful information to public companies that are examining and developing their disclosure policies and practices.