SEC Professionals Groups

By George Wilson 

On July 17, 2023, CorpFin issued a Sample Letter to Companies focused on disclosure obligations for companies “based in or with a majority of their operations in the People’s Republic of China.”

The sample letter addresses three areas:

• Disclosure obligations under the Holding Foreign Companies Accountable Act;

• Disclosure about material “risks related to the role of the government of the People’s Republic of China (the PRC) in the operations of China-based Companies”; and

• Disclosures related to material impacts of certain statutes, particularly the Uyghur Forced Labor Prevention Act.

You can find details regarding each of these areas as well as related example comments in the Sample Letter.

As always, your thoughts and comments are welcome.