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Duly noted define1/6/2024 ![]() ![]() 25 Section 302 of the Act, entitled "Corporate Responsibility for Financial Reports," requires the Commission to adopt final rules that must be effective by August 29, 2002, 30 days after the date of enactment, under which the principal executive officer or officers and the principal financial officer or officers, or persons providing similar functions, of an issuer each must certify the information contained in the issuer's quarterly and annual reports. On July 30, 2002, the Sarbanes-Oxley Act of 2002 (the "Act") was enacted. 12 We also are adopting amendments to Rules 12b-15, 13 13a-10 14 and 15d-10 15 and Forms 10-Q, 16 10-QSB, 17 10-K, 18 10-KSB, 19 20-F 20 and 40-F 21 under the Exchange Act, Rule 30b1-3 under the Investment Company Act, 22 Rule 302 of Regulation S-T 23 and Form N-SAR 24 under the Exchange Act and the Investment Company Act. Supplementary Information: We are adopting new Item 307 2 of Regulation S-B, 3 new Item 307 4 of Regulation S-K, 5 new Rules 13a-14, 6 13a-15, 7 15d-14 8 and 15d-15 9 under the Securities Exchange Act of 1934 ("Exchange Act") 10 and new Rule 30a-2 11 under the Investment Company Act of 1940 ("Investment Company Act"). Royal, Attorney, Office of Disclosure Regulation, Division of Investment Management, at (202) 942-0721, at the Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549. Murphy, Chief, Office of Rulemaking, Division of Corporation Finance, at (202) 942-2910, or, with respect to issuers of asset-backed securities, Paula Dubberly, Chief Counsel, Division of Corporation Finance, at (202) 942-2900, or, with respect to investment companies, Tara L. 1įor Further Information Contact: Mark A. Electronically submitted comment letters will be posted on the Commission's Internet website ( ). Comment letters will be available for public inspection and copying in the Commission's Public Reference Room, 450 Fifth Street, NW, Washington, DC 20549. S7-21-02 this file number should be included in the subject line if electronic mail is used. All comment letters should refer to File No. ![]() Comments also may be submitted electronically at the following electronic mail address: To help us process and review your comments more efficiently, comments should be submitted by one method only. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. ![]() In addition, we are adopting previously proposed rules to require issuers to maintain, and regularly evaluate the effectiveness of, disclosure controls and procedures designed to ensure that the information required in reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported on a timely basis.Ĭomment Date: Comments on the extension of the certification requirement to definitive proxy and information statements should be received on or before 30 days after publication in the Federal Register.Īddresses: Comments should be submitted in triplicate to Jonathan G. The rules also require these officers to certify that: they are responsible for establishing, maintaining and regularly evaluating the effectiveness of the issuer's internal controls they have made certain disclosures to the issuer's auditors and the audit committee of the board of directors about the issuer's internal controls and they have included information in the issuer's quarterly and annual reports about their evaluation and whether there have been significant changes in the issuer's internal controls or in other factors that could significantly affect internal controls subsequent to the evaluation. Summary: As directed by Section 302(a) of the Sarbanes-Oxley Act of 2002, we are adopting rules to require an issuer's principal executive and financial officers each to certify the financial and other information contained in the issuer's quarterly and annual reports. RIN 3235-AI54 Certification of Disclosure in Companies' Quarterly and Annual ReportsĪgency: Securities and Exchange Commission.Īction: Final rule request for comments. Final Rule: Certification of Disclosure in Companies' Quarterly and Annual Reports
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