US EditionSEC draft circular sets fines for OPCs failing to meet compliance deadlines - BusinessWorld Online
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SEC draft circular sets fines for OPCs failing to meet compliance deadlines - BusinessWorld Online
THE Securities and Exchange Commission (SEC) has released a draft memorandum circular (MC) containing guidelines for the compliance of one-person corporations (OPCs), which will be open for public comment until July 11. The exposure draft MC, dated July 1, outlines the guidelines for the initial and subsequent appointment of officers, submission of audited financial statements (AFS), and the posting of a surety bond. It also details the fines an…
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