SEC Issues Holding Foreign Companies Accountable Act Interim Rules - Corporate/Commercial Law
To print this article, all you need is to be registered or login on Mondaq.com. On March 18, 2021, the SEC adopted interim final amendments to implement the Congressionally-mandated disclosure and submission requirements of the Holding Foreign Companies Accountable Act (HFCA Act). Enacted on December 18, 2020, the HFCA Act reflects Congressional concern that securities were trading in US markets on the basis of audit reports issued by registered public accounting firms with offices for which local authorities prohibited complete inspection by the Public Company Account...
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