The Securities and Exchange Commission (SEC) has issued guidance on the new requirement that all companies with stock traded on U.S. exchanges, whether U.S. or foreign, publicly disclose certain of their affiliates' activities involving Iran. The requirement is one of the numerous measures implemented under the Iran Threat Reduction and Syrian Human Rights Act of 2012 (the "ITRSHRA"), signed into law on August 10, 2012. If your company is registered on a U.S. exchange and has global operations, it is advisable to understand the far-reaching implications of, and assess your compliance with, this new requirement, to timely comply by February 6th.
Join Lindsay Meyer, Co-Managing Partner of Venable and Chair of the International Trade and Customs Practice Group, and Joel Lange, Director of Sanctions at Dow Jones Risk & Compliance as they discuss the implications of the new reporting requirements and share appropriate recommendations and measures, including:
- The new ITRSHRA reporting requirements affecting companies with stock traded on U.S. Exchanges;
- A discussion of the SEC's definition of the term "affiliate" to assess the likely scope of the requirements based on global operations; and
- The role of data to assist organizations with identifying Iranian activities.
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