US EditionWall St Watchdog to Consider Rules on US-Traded Foreign Firms
- On June 4, 2025, the Securities and Exchange Commission in Washington reached a unanimous decision to seek public input on proposed rules that would tighten the criteria defining foreign private issuers.
- This move follows a 2024 congressional study showing nearly 90% of 265 Chinese firms listed only in the US benefit from less stringent disclosure requirements under the current definition.
- Currently, foreign private issuers file annual reports, while US firms must comply with full American securities laws including quarterly reports, proxy rules, and prompt material event disclosures.
- Republican Commissioner Mark Uyeda suggested that the SEC should review the criteria for foreign private issuers, potentially restricting this classification to firms that are listed on stock exchanges outside of the United States.
- The proposed changes could increase regulatory costs and affect access to US equity markets for many foreign companies, particularly Chinese firms, while China pledges to protect its companies' interests.
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Wall St Watchdog to Consider Rules on US-Traded Foreign Firms
·Washington, United States
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Denver Gazette+2 Reposted by 2 other sources
Wall St watchdog to consider rules on US-traded foreign firms
(Reuters) -The U.S. Securities and Exchange Commission on Wednesday is due to take the first steps toward producing new rules on which foreign firms qualify for less stringent investor disclosure requirements, according to a public notice.
·Denver, United States
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US SEC Says New Foreign Firm Rules Needed, Singles Out China
·New York, United States
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Leaning Left1Leaning Right1Center3Last UpdatedBias Distribution60% Center
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