The SEC requested comment on a Public Company Accounting Oversight Board proposed rule that would require disclosure as to whether an issuer's registered public accounting firm is located in a foreign jurisdiction that prevents the PCAOB from conducting audit inspections.
The Managed Funds Association urged the European Commission to amend the Securitisation Regulation ("SECR") so that non-EU alternative investment funds managers do not have to comply with the due diligence obligations under SECR where they market alternative investment funds to EU investors.
The SEC Office of Investor Education and Advocacy, Office of the Chief Accountant and Division of Corporation Finance warned investors of the risks associated with investments in U.S.-listed companies with operations in China.
The SEC and the European Central Bank entered into a Memorandum of Understanding, setting forth the terms for consultation, cooperation and the exchange of information between the regulators in the oversight of certain security-based swap dealers.
A firm settled FINRA charges for failing to establish a reasonable AML program designed to report suspicious transactions, and for failing to respond reasonably to red flags associated with China-based accounts.
The U.S. Departments of State, Treasury, Commerce, Homeland Security and Labor and the Office of the U.S. Trade Representative advised businesses of potential exposure to "reputational, economic, and legal risks" for involvement with entities that engage in human rights violations occurring within China's Xinjiang Uyghur Autonomous Region.
In remarks following the G20 Finance Ministers and Central Bank Governors meetings, Secretary of the Treasury Janet L. Yellen stated that 132 countries are coming to a consensus around a global corporate minimum tax rate of at least 15 percent.