Regulatory Alerts2022-06-09
MC No. 06 s. of 2022 — Extension on the Deadline of Compliance of Paragraphs 5.C. and 5.D. of Part III of the Revised SRC Rule 68 Particularly on the Transition from Sole Practitioner to Partnership Structure and two (2) – Partner Requirement
The Securities and Exchange Commission extends the compliance deadline for auditing firms and sole practitioners to meet the two-partner and partnership structure requirements under Revised SRC Rule 68. This extension, granted due to the impact of the COVID-19 pandemic, moves the final deadline from June 30, 2022, to June 30, 2026. The directive mandates that all SEC-accredited external auditors and auditing firms achieve full compliance by the new date without further extensions.
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