15 U.S.C. § 7214a — Additional disclosure
submitted 6 years ago by Pub. L. 116-222 to r/title-15-COMMERCE-AND-TRADE · 397 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
In this section—
the term “audit* report” has the meaning given the term in section 7201(a) of this title;
the term “Commission” means the Securities and Exchange Commission;
the term “covered form”—
means—
the form described in section 249.310 of title 17, Code of Federal Regulations, or any successor regulation; and
the form described in section 249.220f of title 17, Code of Federal Regulations, or any successor regulation; and
includes a form that—
is the equivalent of, or substantially similar to, the form described in clause (i) or (ii) of subparagraph (A); and
a foreign issuer files with the Commission under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) or rules issued under that Act;
the terms “covered issuer” and “non-inspection year” have the meanings given the terms in subsection (i)(1) of section 7214 of this title, as added by section 2 of this Act; and
the term “foreign issuer” has the meaning given the term in section 240.3b–4 of title 17, Code of Federal Regulations, or any successor regulation.
Each covered issuer that is a foreign issuer and for which, during a non-inspection year with respect to the covered issuer, a registered public accounting firm described in subsection (i)(2)(A) of section 7214 of this title, as added by section 2 of this Act, has prepared an audit report shall disclose in each covered form filed by that issuer that covers such a non-inspection year—
that, during the period covered by the covered form, such a registered public accounting firm has prepared an audit report for the issuer;
the percentage of the shares of the issuer owned by governmental entities in the foreign jurisdiction in which the issuer is incorporated or otherwise organized;
whether governmental entities in the applicable foreign jurisdiction with respect to that registered public accounting firm have a controlling financial interest with respect to the issuer;
the name of each official of the Chinese Communist Party who is a member of the board of directors of—
the issuer; or
the operating entity with respect to the issuer; and
whether the articles of incorporation of the issuer (or equivalent organizing document) contains any charter of the Chinese Communist Party, including the text of any such charter.
Source credit: (Pub. L. 116–222, § 3, Dec. 18, 2020, 134 Stat. 1064.)
- 2020Enacted · Pub. L. 116-222 · 134 Stat. 1064
A history note hasn’t been published yet. The record shows enactment by Pub. L. 116-222 on 2020-12-18.
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