The registration statement is drafted by U.S. securities counsel, but much of what goes into it has to come from the company: the description of the business, the industry and market discussion, management's discussion and analysis of results, risk factors and the supporting financial information.

We help management produce that material — gathering the underlying data, drafting business content for counsel's review, keeping the narrative consistent with the financial statements, and preparing the supporting files that will be requested in diligence.

We also read the draft as an investor would, and tell management where the story is unclear, unsupported or inconsistent.

What we deliver

  • Business, industry and operational content prepared for counsel's review
  • Support on management's discussion and analysis of financial condition and results
  • Consistency checks between narrative and financial statements
  • Diligence support files assembled and maintained
  • Investor-perspective review of drafts
Scope of this service. Drafting, filing and legal review of the registration statement are carried out by U.S. securities counsel. JMCG supports management's contribution to it.