View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

SEC RIN: 3235-AM01 Publication ID: Fall 2018 
Title: Auditor Independence With Respect to Loans or Debtor-Creditor Relationships 

The Office of the Chief Accountant, jointly with the Division of Investment Management, is considering recommending that the Commission amend rule 2-01(c)(1)(ii)(A) of Regulation S-X regarding the independence of an accountant when the accountant has a lending relationship with an entity that holds equity securities of the accountant’s audit client.

Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 17 CFR 210.2-01   
Legal Authority: 15 U.S.C. 77f    15 U.S.C. 77g    15 U.S.C. 77h    15 U.S.C. 77j    15 U.S.C. 77s    15 U.S.C. 77z-2    15 U.S.C. 77z-3    15 U.S.C. 77aa(25)    15 U.S.C. 77aa(26)    15 U.S.C. 77nn(25)    15 U.S.C. 77nn(26)    15 U.S.C. 78c    15 U.S.C. 78j-1    15 U.S.C. 78l    15 U.S.C. 78m    15 U.S.C. 78n    15 U.S.C. 78o(d)    15 U.S.C. 78q    15 U.S.C. 78u-5    15 U.S.C. 78w    15 U.S.C. 78ll    15 U.S.C. 78mm    15 U.S.C. 80a-8    15 U.S.C. 80a-20    15 U.S.C. 80a-29    15 U.S.C. 80a-30    15 U.S.C. 80a-37(a)    15 U.S.C. 80b-3    15 U.S.C. 80b-11    15 U.S.C. 7202    15 U.S.C. 7262   
Legal Deadline:  None
Action Date FR Cite
NPRM  05/08/2018  83 FR 20753   
NPRM Comment Period End  07/09/2018 
Final Action  09/00/2019 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Giles Taffle Cohen
Office of Chief Accountant
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-2512