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SEC Form F-6 Analysis

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SEC Form F-6 is required by the Securities and Exchange Commission (SEC) for registering certain securities of a foreign firm. It's used to register shares represented by American depositary receipts (ADRs) issued by a depositary against the deposit of the securities of a foreign issuer. In short, the form lists shares of foreign securities on a US exchange. However, price and liquidity deviates from the ADR's foreign counterpart since they trade on two different exchanges. Form F-6 is issued in accordance with the Securities Act of 1933. SEC Form F-6 is also known as the Registration Statement under the Securities Act of 1933 for depositary shares evidenced by American depositary receipts. This act, often referred to as the "truth in securities"

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