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U.S. SEC delays until Jan 3 certain assets from enforcement actions related to new disclosure rule By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO : This is the seal of U.S. Securities and Exchange Commission, seen at its headquarters in Washington D.C. U.S.A, May 12, 2021. REUTERS/Andrew Kelly/File Photo

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) said on Friday that it would delay until Jan. 3, 2022 certain assets from a new disclosure rule for off-exchange securities, which was due to come into effect on Tuesday.

According to the agency, its no action letter did not modify or change the compliance date set by the agency for a rule that will be used to eradicate fraud from U.S. equities markets.

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