The SAFE Act requires Chinese entities to disclose financial support from the Chinese government and CCP affiliations in their securities filings.
The Secure America’s Financial Exchanges Act, or SAFE Act, amends the Securities Exchange Act of 1934 to mandate disclosures from Chinese entities listing securities in the U.S. These disclosures must include whether the Chinese government provided financial support, the conditions of such support, and any CCP affiliations of officers or directors. The Securities and Exchange Commission must update its rules within 180 days of the Act's enactment.
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