United States:
Federal Register: SEC Proposes Amendment To Single Issuer Exemption For Broker-Dealers' Annual Reports
04 October 2018
Cadwalader, Wickersham & Taft LLP
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The SEC proposed an amendment to
Exchange Act Rule 17a-5 that would clarify an annual reporting
exemption for certain broker-dealers. The proposed amendment was published in the Federal Register. Comments
must be received on or before October 29, 2018.
As
previously covered, the amendment clarifies that a
broker-dealer that acts as an agent for a single issuer does not
need an independent public accountant to certify its annual
reports.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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