On December 18, 2020, the Holding Foreign Companies Accountable Act (the “HFCAA”) was signed into law and the Securities and Exchange Commission (the “SEC”) was advised to adjust its rule proposal to take into account the new legislation. Under the legislation, a reporting company that uses an auditor in a jurisdiction that restricts or controls the Public Company Accounting Oversight Board’s oversight of the audit firm must disclose ties to foreign government entities, and the SEC must prohibit trading in its securities if it determines that the company has had three “non-inspection years”. Precisely what form the SEC rules will take is yet unknown as Chairman Clayton has resigned and a new presidential administration will soon be in place. It is expected, though, that there will be rulemaking under the HFCAA.
Pages
Archives
- November 2024
- April 2024
- December 2023
- November 2023
- March 2023
- January 2023
- November 2022
- September 2022
- June 2022
- April 2022
- March 2022
- February 2022
- November 2021
- October 2021
- September 2021
- July 2021
- May 2021
- December 2020
- October 2020
- September 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- September 2019
- July 2019
- June 2019
- May 2019
- April 2019
- February 2019
- December 2018
- November 2018
- October 2018
- August 2018
- July 2018
- May 2018
- February 2018
- December 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- June 2016
- May 2016
Categories
- Alternative Energy (2)
- Anti-Money Laundering (6)
- Brexit (1)
- Broker-Dealers (34)
- Commodities (4)
- Coronavirus Relief (5)
- Corporate (32)
- Corporate – U.K. (7)
- Cryptocurrencies (17)
- Currency Trading (4)
- Data Privacy (2)
- Data Protection (6)
- Financial Institutions (18)
- Financial Services – U.K. (5)
- Funds – EU (2)
- Funds – Offshore (3)
- Funds – U.S. (12)
- Intellectual Property (1)
- Investment Advisers (11)
- Investment in the UK (2)
- Investment in United States (6)
- Loans (4)
- M&A (5)
- Not-for-Profit (2)
- Pandemic (2)
- Private Securities Offerings (12)
- Public Securities Offerings/IPOs (3)
- Securities (25)
- Securities Markets (8)
- Tax Havens (1)
- U.S. Constitution (1)
- Uncategorized (21)
- Venture Capital (13)
- Whistleblowing (4)
- Workers (2)