The SEC staff announced on Dec. 1, 2011, that it would speed up the public release of staff comment letters and issuer responses to those comment letters. From 2005 through 2011, the SEC staff has released these letters to the public "no earlier than 45 days" following the conclusion of the staff's review of the issuer's filings. Beginning in January 2012, the staff will be making these letters available to the public "no earlier than 20 business days" following the completion of the review. This change in practice may result in more issuers seeking confidential treatment of portions of their response letters.
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