(a) Plain language presentation. All communications to equity holders required under §§ 611.1210, 611.1223, 611.1240, and 611.1280 must be clear, concise, and understandable. You must:
- (1) Use short, explanatory sentences, bullet lists or charts where helpful, and descriptive headings and subheadings;
- (2) Minimize the use of glossaries or defined terms;
- (3) Write in the active voice when possible; and
- (4) Avoid legal and highly technical business terminology.
- (b) Balanced statements. Communications to equity holders that describe or enumerate anticipated benefits of the proposed termination should also describe or enumerate the potential disadvantages to the same degree of detail.