ADVERTISEMENT
SEC Chief Lauds Foreign Listings Law, Looks Ahead To Rules
Law360 (December 18, 2020, 11:35 PM EST) U.S. Securities and Exchange Commission outgoing chairman Jay Clayton said President Donald Trump s enactment Friday of the Holding Foreign Companies Accountable Act will address critical investor protection issues, but that SEC rule proposals regarding tougher listing standards for Chinese issuers will have to wait until after his tenure.
Clayton said in a statement Friday that the new law will require significant SEC action to implement and that the Commission s consideration of a rule proposal will not occur during my tenure.
The chair lauded the new bipartisan-supported law which aims to tighten requirements for foreign companies hoping to sell shares in America.
U S Business Leader Warns About Unintended Consequence of Anti-Trust Move-钛媒体官方网站
tmtpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmtpost.com Daily Mail and Mail on Sunday newspapers.
Trump Signs Bill That Could Kick Chinese Firms Off US Stock Exchanges
997wtn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 997wtn.com Daily Mail and Mail on Sunday newspapers.
Trump signs bill that could kick Chinese firms off U.S. stock exchanges The Holding Foreign Companies Accountable Act bars securities of foreign companies from being listed on any U.S. exchange if they have failed to comply with the U.S. Public Accounting Oversight Board s audits for three years in a row.
Written By:
Reuters | ×
President Donald Trump departs on travel to West Point, New York from the South Lawn at the White House in Washington, Dec. 12, 2020. REUTERS/Cheriss May/File Photo
WASHINGTON, Dec 18 (Reuters) - President Donald Trump on Friday signed legislation that would kick Chinese companies off U.S. stock exchanges unless they adhere to American auditing standards, the White House said.
Search for:
If you’re running an ad-blocker it’s costing me money. Our website relies on internet advertisements to pay the bills. If you don’t mind turning off your ad-blocker and giving it a try without, I’d appreciate it.
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, see here: Cookie Policy