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SEC proposes rules 'to enhance investor confidence'

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13 Jun 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.
Click for SEC Press Release.

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