Regulatory Alerts2021-04-05 | 2021-06292Added
Holding Foreign Companies Accountable Act Disclosure
The Securities and Exchange Commission adopted interim final amendments to Forms 10-K, 20-F, 40-F, and N-CSR to implement the Holding Foreign Companies Accountable Act. These rules require Commission-Identified Issuers to submit documentation proving they are not owned or controlled by a foreign government and to disclose specific details regarding their audit arrangements and governmental influence. The amendments apply to registrants whose auditors are located in jurisdictions where the PCAOB is unable to conduct complete inspections due to foreign authority positions.
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