• Proposed SEC Rules Relating to Executive Certifications
  • July 30, 2003 | Author: Gary P. Kreider
  • Law Firm: Keating Muething & Klekamp PLL - Cincinnati Office
  • The SEC has proposed a new rule requiring an issuer's principal executive and financial officers to certify reports on Forms 10-Q and 10-K. This proposal is separate from the recent order requiring a one-time certification regarding issuers with over $1.2 billion in annual revenue. The proposed rule would also require issuers to maintain and report on procedures designed to provide reasonable assurance that the issuer will be able to collect, process and disclose information required in those reports as well as information required in reports on Forms 8-K.