SEC proposes rules 'to enhance investor confidence'
Jun 13, 2002
The US SEC is proposing to require, for domestic companies, that: The principal executive and financial officers certify the contents of the company's quarterly and annual reports. Certain new events be reported on Form 8-K, including unusual agreements, terminations of business relationships, contingent obligations, restructurings, write-offs, impairments, rating changes, withdrawals of auditors' reports, and changes in directors and management. Form 8-K reports be filed within two business days instead of the current 5 to 15 days. Click for SEC Press Release. .
The US SEC is proposing to require, for domestic companies, that:
- The principal executive and financial officers certify the contents of the company's quarterly and annual reports.
- Certain new events be reported on Form 8-K, including unusual agreements, terminations of business relationships, contingent obligations, restructurings, write-offs, impairments, rating changes, withdrawals of auditors' reports, and changes in directors and management.
- Form 8-K reports be filed within two business days instead of the current 5 to 15 days.