Reported 2 months ago
The U.S. Securities and Exchange Commission (SEC) is poised to develop new guidelines to determine which foreign companies may qualify for reduced investor disclosure requirements. This initiative follows a call from Commissioner Mark Uyeda to reassess how publicly traded foreign firms, particularly Chinese companies, are regulated, as they currently enjoy less stringent reporting rules compared to U.S. firms. A meeting to discuss potential public commentary on these new rules is scheduled for 1 p.m. in Washington.
Source: YAHOO